OECD Investment Policy Reviews_ - OECD

Foreword
Table of Contents
Introduction and Summary
	The role of foreign investment in Colombia’s economic development
	Non­discrimination and equal treatment of investors
	Policies in support of responsible business conduct
	Colombia’s policy framework for investment
	Investment framework in support of green growth
Chapter 1. The Role of Foreign Direct Investment in Colombia’s Economic Development
	Recent FDI developments
		Table 1.1. Colombia’s international investment
		Figure 1.1. FDI flows in and from Colombia (1994­mid­2011)
		Figure 1.2. Colombia’s inward FDI position by main sectors (mid­2011)
		Box 1.1. Private investment targets in Colombia’s National Development Plan 2010­14
	Foreign investor participation in privatisation programmes
	Note
	References
Chapter 2. Colombia and the National Treatment Instrument
	Introduction
		Box 2.1. The Declaration on International Investment and Multinational Enterprises
	The principle of non­discrimination of foreign direct investment in Colombia’s investment regime
		Box 2.2. Colombia and the Andean Community
		Expropriation
	Exceptions to the National Treatment instrument notified by Colombia
		Horizontal measures
		Sectoral measures
		Government procurement
		Measures at the territorial subdivisions
	Measures notified by Colombia for transparency
		Measures based on public order and essential security considerations
		Other measures reported for transparency
	Colombia’s plans for eliminating existing restrictions
	Colombia and the OECD FDI Regulatory Restrictiveness Index
		Box 2.3. Calculating the FDI Regulatory Restrictiveness Index
		Figure 2.1. 2010 FDI Regulatory Restrictiveness Index by country
		Figure 2.2. FDI stocks and the FDI Regulatory Restrictiveness Index
	Notes
	References
Chapter 3. Colombia and the OECD Guidelines for Multinational Enterprises
	Box 3.1. The 2011 update of the OECD Guidelines for MNEs
	General policies for promoting responsible business conduct
		Box 3.2. Working in partnership to implement the Guidelines for Multinational Enterprises
	Colombia’s policies in major areas of responsible business conduct
		Disclosure
		Human Rights
		Employment and industrial relations
		Environment
		Combating bribery, bribe solicitation and extortion
			Box 3.3. Colombia’s Anti­Corruption Statute of 2011: Measures to combat bribery in business transactions
		Consumer interests
			Box 3.4. Colombia’s 2011 Consumer Protection Statute: Key features
		Science and technology
		Competition
		Taxation
			Box 3.5. Overview of taxes applicable to enterprises in Colombia
	Establishment of a National Contact Point
		Colombia’s National Contact Point
	Notes
	References
Chapter 4. Colombia’s Policy Framework for Investment
	Box 4.1. The OECD Policy Framework for Investment
	Investment policy
		Transparency and accessibility of the legislative and regulatory framework
		Reducing administrative barriers to investment
			Box 4.2. Public online services of interest for investors
		Property rights registration for land and other forms of property
		Intellectual Property Rights
			Table 4.1. Colombia’s participation in IPR­related treaties
		Contract enforcement and dispute resolution mechanisms
			Box 4.3. Reforms to render the domestic dispute settlement system more attractive for investors
		Expropriation procedures
		International promotion and protection agreements
			Table 4.2. Bilateral Investment Treaties signed by Colombia
			Box 4.4. Colombia’s BIT model – main provisions
		International arbitration instruments
		Legal stability contracts
			Box 4.5. Legal stability contracts
			Table 4.3. Legal stability contracts 2006­10
	Investment promotion and facilitation
		Investment promotion strategy
			Box 4.6. Colombia’s Productive Transformation Program
		Investment promotion agency
		Streamlining administrative procedures
		Dialogue with investors
		Investment incentives and disincentives
		Incentives for SMEs
	Trade policy
		International trade agreements
			Table 4.4. Trade agreements concluded by Colombia
		Streamlining cross­border trade measures
	Infrastructure development
		Private participation in infrastructure investment
			Table 4.5. Percentage of estimated public and private participation in infrastructure projects in 2011­14
			Box 4.7. Private participation in water infrastructure
	Notes
	References
Chapter 5. Investment Framework in Support of Green Growth
	Investment in support of green growth in Colombia – overview
	Colombia’s commitment to green growth
		Investment levels required to achieve green growth objectives
	Regulatory and policy framework for green investment
		International commitments in support of green growth objectives
			Box 5.1. Private investment and biodiversity conservation
		Environmental protection in trade and investment agreements
			Table 5.1. FTAs negotiated by Colombia which include environmental provisions
		National plans and policies in support of green investment
			Box 5.2. Economic benefits from biodiversity in Colombia and key challenges
			Box 5.3. Colombia’s GHG emissions and potential for reduction
			Box 5.4. Colombia’s future Green Building Code
		Other elements of Colombia’s green investment framework
	Institutional capacity to design and implement green investment policies
		Inter­ministerial co­operation in the design of green investment policies
		Involvement of stakeholders in the design and the implementation of green investment policies
	Investment incentives
		Incentives to promote green investment
			Table 5.2. Green investment incentives in Colombia
		Financial incentives
			Table 5.3. Colombia and the Clean Development Mechanism
			Box 5.5. Multilateral financial support for low carbon development
		Other incentives
	Private sector participation in green infrastructure
	Notes
	References
Annex A. Statistical Tables
	Table A.1. GDP structure
	Table A.2. Cumulative foreign direct investment in Colombia – main partners
	Table A.3. Cumulative foreign direct investment in Colombia main sectors
	Table A.4. Colombia’s cumulative outward foreign direct investment main partners
	Table A.5. Colombia’s cumulative outward foreign direct investment main sectors
	Table A.6. Shares of FDI in GDP and in domestic investment
	Table A.7. Colombia’s financial sector – overview
Annex B. Colombia’s Exceptions to the National Treatment Instrument
	Measures Notified for Transparency
Annex C. Colombia’s Participation in International Organisations and International Conventions