Intellectual Property Rights Toolkit Colombia
Colombia has a solid foundation for continued economic growth, thanks to its relatively stable political environment and government policies, that over the past decade have dramatically improved the security situation. These improved circumstances, combined with business friendly policies, have led to a significant increase in foreign direct investment and bilateral trade.
However, the country still faces challenges regarding the legal protection of foreign investment and of intellectual property rights. Traffickers of counterfeit products are often imposed light penalties and overall government enforcement activities have not served to significantly curb the tide of counterfeit goods being offered on the market.
But at least through its legal framework, Colombia is committed to implementing high standards of IPR protection. And, once passed, the implementation of the U.S.-Colombia Trade Promotion Agreement (US-CTPA; also commonly referred to as the U.S.-Colombia Free Trade Agreement, or FTA) will require Colombia to establish even stronger IPR protection measures. To download the complete guide click here.