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Colombia market overview

Despite widespread street protests at the tail-end of 2019, president Iván Duque Márquez’s government seems to have weathered the storm and managed to push through tax reforms. The staggered reduction in the rate of corporation tax is likely to enhance an already favourable business climate. Colombian firms are also likely to reap the benefits of sustained economic growth in Colombia, as GDP is expected to grow considerably in 2020 (much like in 2019).