TravelTill

Economy of Colombia


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cording to a recent World Bank report, doing business is easiest in Cali, Manizales, Ibagué and Pereira, and more difficult in Medellin and Cartagena. Reforms in custom administration have helped reduce the amount of time it takes to prepare documentation by over 60% for exports and 40% for imports compared to the previous report. Colombia has taken measures to address the backlog in civil municipal courts. The most important result was the dismissal of 12.2% of inactive claims in civil courts thanks to the application of Law 1194 of 2008 (Ley de Desistimiento Tácito)
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