FOREIGN TRADE INSTITUTIONS

Members: Karen Viviana Núñez Acosta Ivan David Gomez Lizeth

Submitted to: Francisco Torres
Paper presented to learn more about which are the entities that form the basis o
f international business
SENA National Learning Service Market Management Center, Logistics and Informati
on Technology Area: International Trade and Logistics
FOREIGN TRADE INSTITUTIONS
The Foreign Trade System consists of: STATUS DETERMINANTS: Office of the Preside
nt, Congress and the CONPES (National Development Plan) ENTITIES formulants of e
conomic and trade policy: CSCE - CMCE, the Ministry of Commerce Industry and Tou
rism , other ministries that are part of the CSCE, DNP, Port and Maritime Board,
DIMAR, Civil Aeronautics Board, National Drug Council, National Council of Stan
dards and Grades. PERFORMERS ENTITIES trade policy: DGCE, Bancoldex, Fiducoldex,
Proexport, DIAN, Units of the Ministries (eg INVIMA INCODER, ICA) JOINT STATUS
INSTITUTIONS: Bancoldex, Fiducoldex, Fedcafe, IFI, ICONTEC, CORFERIAS, Fund Prod
uctivity and Competitiveness, Colombia Competes Network and National and Regiona
l Advisory Committees. Private entities: shaped by natural persons and legal ent
repreneurship, which in course of its business conduct foreign trade transaction
s or services relating thereto (Guilds, ALTEX, UAP, SIAS, customs warehousing, s
tevedoring companies, Companies Cargo Express Delivery Companies, among others).
STATUS DETERMINANTS
NATIONAL COUNCIL ECONOMIC AND SOCIAL POLICY (CONPES)
The current National Development Plan "Towards a Communitarian State" set in the
ir strategies to achieve economic growth, the search for permanent access to int
ernational markets by signing free trade agreements. In furtherance of the foreg
oing, the National Government is on the verge of signing a trade agreement with
MERCOSUR Southern Common Market, and comes ahead of negotiations for signing an
FTA with the United States. Similarly and in order to improve productivity and c
ompetitiveness of the country, this government has maintained the Productivity a
nd Competitiveness Policy 1999-2009 and programs underway in the framework of th
e same events such as national productivity and competitiveness, Colombia impetu
s to the network competes in its various fronts and the development methods of p
roductivity and innovation programs.
The purpose of this paper is to present the methodology for the identification,
preparation and execution of the domestic agenda whose main objective will be to
define the measures necessary to effectively utilize the opportunities offered
by trade agreements, the institutional adaptation to the commitments made in tho
se agreements and accompany the productive sectors and regions in the process of
implementation.
Formulants ENTITIES
TOP OF FOREIGN TRADE COUNCIL (CSCE)
Created in 2553 decree of December 23, 1999 is an advisory body the National Gov
ernment in all aspects that relate to the Trade and Competitiveness of firms in
the country. Born as the National Government's advisory body on all aspects of t
he subject. Some functions of the Board of Foreign Trade are: 1. Recommend to th
e National Government's general policy and sectoral foreign trade in Goods, Tech
nology & Services, Foreign Investment and Competitiveness in accordance with the
plans and development programs in the country. => 2. Guidelines recommend the T
ariff Policy, Customs Valuation and Customs Procedures for Import and Export pro
cedures. 3. Advise the National Government in the decisions it must take in the
international organizations responsible for international trade issues. 4. Issue
concept, after consulting the Ministry of Foreign Affairs on the conclusion of
treaties or international agreements of bilateral or multilateral trade and reco
mmend to the National Government participation or not in the same country. 5. De
velop guidelines for International Trade Negotiations. 6. Suggest to the Nationa
l Government's policy instruments applicable to the Promotion and Export Develop
ment. 7. Review and recommend to the national government, the adoption of genera
l rules on Restrictive Practices and Unfair International Trade and Safeguards.
8. Issue concept on the adoption of safeguard measures, tariff and quantitative
restrictions. 9. Analyze,€Evaluate and recommend to the National Government meas
ures and projects to facilitate trade and national and international transport o
f passengers and goods from the Export-Import 10. Issue guidelines for the organ
ization and management of foreign trade records, including the requirements to b
e met and penalties are imposed for the violation of such rules. The C. S. C. E.
is comprised as follows: • President of the Republic • Minister of Commerce Ind
ustry and Tourism
• • • • • • • •
Foreign Minister Minister of Finance and Public Credit Minister of Agriculture a
nd Rural Development Minister of Transport Minister of the Environment Minister
of Mines and Energy Director of the National Planning Department General Manager
, Bank of the Republic
JOINT COMMITTEE ON FOREIGN TRADE (CMCE) The Joint Trade Commission is composed o
f the Board of Foreign Trade and private sector representatives appointed by the
Council. This Committee is convened by the Board of Foreign Trade or the Presid
ent, in order to analyze the Foreign Trade Policy and formulate appropriate reco
mmendations to the National Government
PERFORMERS INSTITUTIONS (PUBLIC) NATIONAL INSTITUTE OF FOOD AND DRUG MONITORING
(INVIMA)
It is a national public establishment of scientific and technological nature, wi
th legal, administrative autonomy and independent assets belonging to the Health
System under the Ministry of Social Welfare and subject to general provisions g
overning its operation. The INVIMA is an official institution for monitoring and
technical control scientist, who works for the protection of individual and col
lective health of Colombians through the application of health standards related
to the products of their competition. In accordance with the powers granted by
Decree 1290 of 1995, for the INVIMA implement policies on health surveillance an
d quality control of drugs, biologics, food, beverages, cosmetics, devices and m
edical - surgical, dental, products natural, homeopathic and those generated by
biotechnology, diagnostic reagents and others who may have an impact on individu
al and collective health. All efforts directly to the fulfillment of this obliga
tion are set out in the first component of the strategic plan.
MINISTRY OF COMMERCE INDUSTRY AND TOURISM
The Mission of the Ministry of Commerce, Industry and Tourism is to support the
business, producing goods, services and technology and tourism management in the
regions of the country, in order to improve their competitiveness, sustainabili
ty and promote the generation of higher value added, which will consolidate its
presence in the local market and international markets, ensuring adequate compet
ition in the local market, benefiting consumers and tourists, helping to improve
Colombia's international position in the world and quality of life of Colombian
s. Features Decree 210 of February 3, 2003. By determining which goals and organ
izational structure of the Ministry of Commerce, Industry and Tourism and other
purposes. Decree 4269 of November 23, 2005. By which modifies the structure of t
he Ministry of Commerce, Industry and Tourism and other purposes. Decree 2785 of
August 17, 2006. By which modifies the structure of the Ministry of Commerce, I
ndustry and Tourism and other purposes. Services The services provided by the Mi
nistry of Commerce, Industry and Tourism, are geared toward the creation and dev
elopment of policies and standards at institutional level, which are executed by
institutions attached or linked to it. Address Design and implement commercial
relations Trade Policy and the WTO. UNCTAD. NAM. Coordinate the participation of
countries in trade negotiations. Develop draft agreements or negotiations Prepa
ring Economic Integration in matters within its competence Monitor and evaluate
compliance with the Trade Agreements jurisdiction Encourage Foreign National and
Binational Chambers. Make up a Trade Negotiating processes of other countries w
hose results are of interest to maintain close relations with Colombia governmen
t and private entities Negotiations with other countries.€Conduct studies to sup
port the work of the Offices of the Ministry organize together with the Departme
nt of Promotion and Entrepreneurial Culture Business Missions accompanying the P
resident and others. The conditions under Market Access
Foreign Trade Management Branch of design and operations management tools Branch
Branch Export Promotion Trade Practices Committee of Regional Directorates Impo
rts Foreign Offices
Colombian Agricultural Institute (ICA)
Work for agricultural health and safety in primary production to project the Col
ombian agribusiness to the world. Functions To advise the Ministry of Agricultur
e in formulating policy and plans for agricultural research, technology transfer
and prevention of health hazards, biological and chemical plant and animal spec
ies. Finance advice to the Departments for proper coordination, monitoring and e
valuation of agricultural technical assistance services for small producers to s
et the municipalities. Conduct, fund or contract the implementation of research
programs and technology transfer to be approved by the Board of the ICA to imple
ment the National Plan for Research and Technology Transfer for Agriculture adop
ted by the Council of the National Agricultural Science and Technology , or part
ner for the same purpose. Support and fund training programs and technical assis
tants and multipliers, both individuals as officers of the Municipal Units of Ag
ricultural Technical Assistance (UMATA). And use strategies to promote scientifi
c and technological information, communication, training and consulting, plannin
g and foresight and regionalization and institutional development, that are inte
nded to promote technological development of the agricultural sector. Ensure the
preservation and proper utilization of plant and animal genetic resources of th
e country, within the activities of science and technology it develops. Promote
technical cooperation agreements nationally and internationally in the areas of
research and technology transfer and protection for agricultural production. Pro
mote and support training for their own personal service or by the institutions
with which they merge with or enter into agreements.
Plan and implement actions to protect the agricultural production of pest diseas
es that affect or could affect agricultural crops or livestock of the country or
associate for the same purpose. Exercise technical control over imports of inpu
ts for agricultural activities, as well as animal, plant and animal products and
plant to prevent the introduction of diseases and pests that may affect agricul
ture and livestock in the country and certify the sanitary quality of exports, w
hen required by the importing country. Exercise technical control of production
and marketing of agricultural inputs which constitute a risk to agricultural pro
duction and health. To adopt, in accordance with the law, the measures necessary
to assert control of animal and plant health and the prevention of biological a
nd chemical risks. Managing the National Emergency Health Fund Report charges fo
r services provided, in accordance with procedures prescribed by law. Have the n
ecessary measures for compliance, monitoring and evaluation of policies, strateg
ies, plans and management of the Institute.
ADDRESS NATIONAL REVENUE AND CUSTOMS (DIAN) Functions The most important are: •
Leading and Managing Tax Management, Customs, and Change Control for Import and
Export of Goods and Services, costs associated with them, foreign currency finan
cing Imports and Exports, and under-invoicing and over invoicing of these operat
ions nationwide. • Manage Tax, Customs Duties and other taxes on foreign trade,
as for your Collection, Monitoring, Control, Law Enforcement, Penalty, Settlemen
t, Discussion, Recovery, Return and Punishment and Control of Foreign Exchange O
bligations. • Plan, execute and control operations related to customs procedures
and conducting the seizure, confiscation or Abandonment of Goods Declaration in
favor of the Nation, its Control, Management and Disposal; • Define, direct, or
ient, manage, control and Customs Tax Policy Monitor • Provide formal and inform
al education and give the respective certificates and diplomas authorized by law
, in tax, customs and Exchange.
INTERNATIONAL ORGANISATIONS (performer)
INTERNATIONAL ORGANIZATION FOR STANDARITATION (ISO)
The International Organization for Standardization and International Organizatio
n for Standardization, born after the Second World War (it was created in 1946)
is the agency responsible for promoting the development of international standar
ds of manufacturing, commerce and communication for all industrial branches Exce
pt for the electrical and electronics. Its main function is to seek standardizat
ion of product standards and safety for companies and organizations worldwide. T
he ISO is a network of national standards institutes of 157 countries on the bas
is of one member per country, with a Central Secretariat in Geneva, Switzerland,
that coordinates the system. The International Organization for Standardization
(ISO), based in Geneva, Switzerland, is composed of governmental and nongovernm
ental delegations divided into a number of sub committees to develop guidelines
that will contribute to environmental improvement. The standards developed by IS
O are voluntary, understanding that ISO is a nongovernmental organization and do
es not depend on any other international body, therefore, has no authority to im
pose its standards on any country. It is an international non-governmental organ
ization composed of representatives of standards bodies (ON's) national, interna
tional standards that produces industrial and commercial. These rules are known
as ISO standards and their purpose is the coordination of national rules in line
with the Final Act of the World Trade Organization, in order to facilitate trad
e, facilitate the exchange of information and help with common standards develop
ment and technology transfer. INTERNATIONAL MARITIME ORGANIZATION (IMO, in Engli
sh IMO) is a specialized agency of the United Nations that promotes cooperation
between states and the trucking industry to improve maritime safety and marine p
ollution prevention. Recent initiatives have included amendments to the IMO Inte
rnational Convention for the Safety of Life at Sea (SOLAS) and the International
Convention for the Prevention of Pollution from Ships (MARPOL 73/78). Its headq
uarters are in London, UK. Their first meetings dating back to 1959. Originally
it had consultative status by what was known as IMCO (International Maritime Con
sultative Organization) or IMCO by its acronym in English and its recommendation
s were optional. The provisions of the Conventions are binding on States Parties
to each of them and they in turn are committed to give effect to these provisio
ns on board ships entitled to fly its flag.
Each agreement has a specific scope and although it can be stated broadly that i
t applies to ships engaged in international traffic that is not true in all case
s. INTERNATIONAL AIR TRANSPORT ASSOCIATION (IATA in English)
English International Air Transport Association or IATA. It was founded in Havan
a, Cuba, in April 1945. It is the instrument for cooperation between carriers, p
romoting the safety, reliability, reliability and economy in air transport for t
he benefit of consumers around the world. IATA, "modern" is the successor to the
International Air Traffic Association founded in The Hague in 1919, the year of
the first international scheduled airline in the world. The association was fou
nded by 57 members of 31 mainly European and North American nations. The interna
tional air transport industry is now more than 100 times higher than in 1945. On
that date, were traveling annually in the world only 9 million passengers. Toda
y, in a year, 1.800 million passengers move. Few industries can match the dynami
sm of that growth would have been much less dramatic without the standards, prac
tices and procedures developed by the IATA. Currently has 260 members from over
130 countries around the world, carrying 94% of international traffic worldwide.
The former IATA was able to start small and grow gradually. But he was limited
to the European dimension until 1939, when she joined Pan American. The new IATA
, born in 1945, immediately had to handle global responsibilities with a more sy
stematic and better infrastructure. This was reflected with new articles of asso
ciation and a more precise definition of IATA and its functions. Features • Prom
ote safe air transport, regular and economical for the benefit of people around
the world, promoting air commerce and to study the problems related to the above
.ۥ Provide cooperation between transport companies directly or indirectly relat
ed to air transport services. • Cooperate with the newly formed Civil Aviation O
rganization and other international organizations UNCTAD The United Nations Conf
erence on Trade and Development (UNCTAD and UNCTAD, English, United Nations Conf
erence on Trade and Development) was established in 1964 as a permanent intergov
ernmental body United Nations. UNCTAD is the principal organ of the UN General A
ssembly for matters related to trade, investment and development. The objectives
of the organization are "to maximize business opportunities, investment and dev
elopment of developing countries and assistance in their efforts to integrate in
to the global economy" (from official website). Currently, UNCTAD has 191 member
states and is headquartered in Geneva, Switzerland. UNCTAD has a staff of 400 m
embers and
regular annual budget of approximately U.S. $ 50 million as well as some technic
al assistance special fund of 25 million U.S. dollars. The intergovernmental wor
k is done at four levels of meetings: • The UNCTAD conference - takes place ever
y four years, most recently UNCTAD XI in Sao Paulo in June 2004 [1]; • The trade
and development board of UNCTAD - table manages the work of UNCTAD between two
conferences and meets three times a year • Four UNCTAD commissions and a working
group - they meet more often than the table to resume the policy, program and r
elated issues the budget. • Meetings of experts - the Commission may convene exp
ert meetings in certain areas so as to provide expert information to policy disc
ussions of the committee. UNCTAD produces a number of reports on certain topics,
including: • The report on trade and development [2] • The World Investment Rep
ort [3] • The report on the economic development of Africa [4] • The report on l
east developed countries [5] • UNCTAD statistics [6] • The report on electronic
commerce and development [7] • The review of maritime transport [8] The UNCTAD a
lso conducts various technical cooperation programs [9] as the ASYCUDA (ASYCUDA)
, DMFAS, EMPRETEC and WAIPA. In addition, UNCTAD carries out certain technical c
ooperation in collaboration with the World Trade Organization through the Intern
ational Trade Centre (ITC), a technical agency of joint cooperation (from UNCTAD
and the World Trade Organization) addressing operational and business aspects o
f trade development. Andean Community (CAN) is a community of four countries tha
t have a common goal: achieving comprehensive development, more balanced and ind
ependent, by integrating the Andes, South America and Latin America. The Andean
integration process began with the signing of the Cartagena Agreement on 26 May
1969. It is formed by Bolivia, Colombia, Ecuador, and Peru and the organs and in
stitutions of the Andean Integration System (SAI). Prior to 1996, was known as t
he Andean Pact or the Andean Group. Venezuela was a member until 2006. Chile was
originally a member from 19691976, but withdrew during the Pinochet military re
gime because of incompatibilities between the economic policy of the country and
 integration policies of the CAN. The country he returned to the CAN as an assoc
iate member on 20 September 2006. Located in South America, the four Andean coun
tries bring together nearly 100 million inhabitants in an area of 3.798 million
square kilometers, whose Gross Domestic Product is estimated to amount in 2007-2
80392000 dollars.
INTERNATIONAL CIVIL AVIATION ORGANIZATION (ICAO)
(ICAO and ICAO, for "International Civil Aviation Organization" in its acronym i
n English) is an agency of the United Nations Organization was created in 1944 b
y the Chicago Convention to study the problems of international civil aviation r
egulations and promote and standards unique in global aviation. It is run by a p
ermanent council based in Montreal (Canada). The agreement provided for the esta
blishment of an international civil aviation organization was developed by the I
nternational Civil Aviation Conference held in Chicago from November 1 to Decemb
er 7, 1944, entered into force on April 4, 1947. An Organization International C
ivil Aviation Caretaker been in operation since June 6, 1945 until it was offici
ally established by ICAO.€The aims and objectives of the organization are: to de
velop the principles and techniques of international air aviation and formulate
development plans and the development of international air transport. To achieve
such purposes intended to promote the progress of international civil aviation,
to encourage the design and operation of aircraft for peaceful purposes, promot
e the development of airways, airports and meet the needs of the peoples of the
world in terms of safe air transport , regular, efficient and economical. Gutenb
erg Operation The ICAO is the supreme organ of the Assembly and the Executive Co
uncil (composed of thirty-three states), both have their permanent headquarters
in Montreal (Canada). The Assembly comprises representatives of all ICAO Contrac
ting States. In his meetings examine the work of the Organization in the technic
al, legal, economic and technical assistance and sets the guidelines for future
work of other bodies of ICAO. The Council is composed of some contracting states
elected by the Assembly. It is the executive organ of the Organization. INTERNA
TIONAL DEVELOPMENT ASSOCIATION (IDA)
Created in 1960. Aimed at assisting the poorest developing countries. This is th
e organization of the World Bank that provides assistance to the poorest countri
es in the world. Established in 1960, IDA aims to reduce poverty by providing in
terest-free loans and grants for programs that promote economic growth, reduce i
nequalities and improve the living conditions of the population. IDA complements
the work of the other lender World Bank, the International Bank for Reconstruct
ion and Development (IBRD), which gives middle-income and equity investment advi
sory services. IBRD and IDA share the same staff and the same location, and eval
uate projects with the same rigorous criteria. IDA is one of the largest sources
of assistance for the 80 poorest countries in the world, 39 of which are in Afr
ica. It is the leading provider of donor funds for basic social services in the
poorest countries.
IDA lends money (credits) on concessional terms. This means that IDA credits hav
e no interest charges and that the deadline for reimbursement ranges between 35
and 40 years, including a grace period of 10 years. IDA also provides grants to
countries at risk of debt distress. International Finance Corporation (IFC)
Global institution founded in 1956 and belonging to the World Bank has 178 membe
r countries worldwide. This corporation is responsible for promoting the economi
c development of countries through the private sector. Business partners invest
capital through private enterprises in developing countries. Among its responsib
ilities is the long-term loans and provide guarantees and risk management servic
es for its clients and investors. Its mission is to promote sustainable private
sector investment in developing countries, helping to reduce poverty and improve
the quality of life of the population. "The IFC provides loans, equity, structu
red finance and management tools risks, and provides advisory services to streng
then the private sector in developing countries. Multilateral Investment Guarant
ee Agency (OMIGI)
Created in 1988. Purpose: To promote direct investment in developing countries d
iminishing non-trade barriers that hinder such investment. Advises governments t
o promote foreign investment. At May 31, 1995, 128 countries were members. The W
orld Bank lays emphasis on structural economic reforms. The reason is that they
are convinced that the cornerstone of sustainable development and poverty reduct
ion, is to redefine the role of the state and promote competition and market mec
hanisms. The World Bank is helping countries build and sustain the fundamental c
onditions needed to attract and retain private investment. With World Bank suppo
rt - financial and nonfinancial - governments are reforming their overall econom
ies and strengthening banking systems. They are investing in human resources, in
frastructure and environmental protection, which enhances the attractiveness and
productivity of private investment. Through World Bank guarantees and insurance
against political risks MIGA, in partnership with equity investments from IFC,
investors are minimizing their risks and finding the peace necessary to invest i
n developing countries and countries in transition to market economies.€As we mo
ve into the new millennium, the Bank has embarked on a strategic pact with its c
ustomers and shareholders to improve the quality of its assistance, which will r
esult in: • Helping the poorest countries to reduce their load debt so that they
can finance development initiatives rather than interest payments
• Helping fight the corruption that undermines economic growth • Helping develop
ing countries to acquire knowledge and adopt modern communication technologies s
o that they can be more competitive • To strengthen and reform the banking and f
inancial sectors that help to prevent future crises similar to those of Mexico i
n 1994-95 and East Asia 199 798 • meet future food needs of an expanding populat
ion and pay more attention to agriculture and rural development • Ensure that de
velopment accords with the social and cultural needs beneficiaries. INTERNATIONA
L MONETARY FUND
This is a cooperative institution in which they have voluntarily entered a large
number of countries because they recognize the advantages of being able to cons
ult with other countries in the forum of the fund to maintain a stable system of
buying and selling of their currencies. Fund member countries are convinced tha
t instead of keeping secret the economic policy measures that intend to adopt an
d that can affect the free exchange of one currency for another, the benefit is
kept informed of all the other countries. Also consider that a change of policy
measures, when other countries agree that it benefits everyone, promotes the gro
wth of international trade and generates more better-paying jobs in an expanding
world economy. The fund provides loans to member nations that are struggling to
meet its external financial obligations, but only provided that economic reform
s are able to overcome these difficulties, for its own sake and that of everyone
else. Currently the agency objectives are to facilitate international cooperati
on, promote exchange stability and orderly exchange arrangements, to assist the
establishment of a multilateral system of payments and the elimination of exchan
ge restrictions and to assist its members by providing temporary financial resou
rces to correct maladjustments in their balance of payments. Currency exchanges
are a condition for world trade. Each of the coins to be used in any country in
the world than the U.S. dollar, the Moroccan dirham fat or Haitian, has a value
in terms of other currencies. Objectives Monetary Fund: IMF The Constitutional C
harter assigns the following purposes: • To promote international monetary coope
ration • Facilitate the expansion and balanced growth of international trade • P
romoting stability in currency exchange • Facilitate the establishment of a mult
ilateral system of • Perform occasional loan payments to members who have diffic
ulties in their balance of payments • Reduce the time and decrease the degree of
disequilibrium in balances of payments of members.
Monetary Fund's operations: When to become a member, every country is obliged to
 keep others informed of the rules by which establish the value of its currency
relative to other countries to refrain from imposing restrictions on its currenc
y exchange foreign currency and adopting economic policies likely to increase in
an orderly and constructive their own national wealth of all member countries.
Financial Assistance Monetary Fund: The Fund provides loans only to member count
ries facing payments problems, that is not receiving enough foreign exchange to
pay what they are buying abroad. These countries can spend more than they receiv
e and compensate for a time by means of loans until the credit runs out, somethi
ng always happens, sooner or later. When this happens, the country must face an
unpleasant reality, and one of the most common aspects of that reality is the lo
ss of purchasing power of its currency and a forced contraction of imports. The
country is in this situation may apply to the fund for granted, for a given time
, enough foreign exchange to correct the financial mistakes you've made, always
with a view to stabilize its currency and improve its foreign trade. WORLD BANK
Founded in 1944, the World Bank Group comprises five affiliated institutions.€It
s mission is to fight poverty for lasting results and help people to help themse
lves and surrounding environment by providing resources, knowledge, building cap
acity and forging partnerships in the public and private sectors. Headquartered
in Washington, the Bank has offices in 100 countries and has 8168 employees at h
eadquarters and abroad 2545. James D. Wolfensohn is president of the five instit
utions of the World Bank Group. For all customers, the Bank emphasizes the need
to: • Invest in people, particularly through basic health services and education
• Focus on social development, inclusion, governance and institution building a
s key elements reduce poverty • Strengthen the capacity of governments to provid
e quality services, efficiently and transparently • Protect the environment • To
support the private sector and encourage their development
• Promote reforms aimed at creating a stable macroeconomic environment conducive
to investment and long-term planning
PERFORMERS AND CHARACTER ENTITIES JOINT BANCOLDEX The Bank is a limited company
of mixed economy, linked to the Ministry of Commerce, Industry and Tourism of Co
lombia, where the national government their main shareholder. Opera in Colombia
as a bank discount, offering financial products and services to companies involv
ed with the Colombian Foreign Trade. On the outside offer, through pre-qualified
banks, financing to the importer of Colombian goods and services. It acts as a
financial instrument to support the Colombian Government the Strategic Export Pl
an - PEE BANCOLDEX financed entrepreneurs in Colombia linked to the Colombian ex
port sector through the following ways: • Working Capital • Investment in fixed
assets • Leasing • Creation, acquisition and capitalization of companies • Conso
lidation of liabilities • Transport infrastructure • Liquidity in pesos and doll
ars • Programs • Services • Warranties MSMEs international bank operating abroad
Finance: • • The buyer of Colombian goods and services. The importer of enginee
ring and construction projects developed by Colombian companies
Exporter Benefits: • • • • • • • Provides appropriate payment terms for customer
s. Increase sales volume. Reduce working capital needs and other financial costs
. No compromises their credit quotas. Enhancing the Competitiveness of Colombian
goods and services abroad. Optimize your power. Reduce financial costs and redu
ced working capital requirements (cash discounts).
• • •
Gets appropriate time limits for payment. Maximizes credit quotas have the optio
n of using softer funding sources. Amount: Up to 100% of CIF (Cost, Insurance an
d Freight) of Colombian goods and services.
International banking operation services: Confirmation notices Export Letters of
Credit • In light of acceptance • • • Receipt of deferred payment of standby Le
tters of Credit and Collection • Documentary • Discounts documents: • Instrument
s payments generated in Letters Credit, Acceptances (lyrics), Deferred Compensat
ion. • Letters backed by foreign financial intermediaries • exchange of Sale Bil
l covered with Stand by Letter of Credit • Issuance of Import Letters of Credit
for buyers of capital goods related to rediscount and Leasing Operations
FIDUCOLDEX
The object of FIDUCOLDEX is the implementation of all Operations, Business and S
ervices provided by the trustee, that is developed under trusteeship arrangement
s or contracts Mercantile Trust. The Trust Colombian Foreign Trade SA - FIDUCOLD
EX, is a mixed economy, national agenda, a subsidiary of Banco de Comercio Exter
ior. The entity operating with the permission and supervision of the Banking Sup
erintendency. Service portfolio investment to action: The investment trust invol
ves the administration of liquid resources, seeking to optimize their profitabil
ity. What is a portfolio to measure? The resources to deliver the client are han
dled individually, separately from other trusts. We present a schedule of cash f
lows, to get clarity on the availability of resources. Guarantee Trust: If a per
son or entity required to finance its activities and its credit demands guarante
es€is able to settle some of its assets in an autonomous patrimony Fiducoldex fo
r
that serve as collateral. Building an autonomous equity involves the transfer of
property to a commercial trust title. Fiducia Management and Payments: Frequent
ly private and public entities to make payments required by the following: Payro
ll, cancellation of accounts payable and other. These are routine activities tha
t require a major operation and specialization, which allows payments in a timel
y and secure to the beneficiaries. These functions can be delegated through a Fi
ducoldex Fiducia Management and Payments. Fiducia Comprehensive project: Using t
he comprehensive trust approach, linking the different Fiducoldex trust services
required for the project. These may be macro or smaller projects that advance t
he public or private sector. Fiducia Capital Market: The need to optimize the fi
nancial costs has led companies to boost capital market and financial market dis
intermediate. This means the issuance of securities in public circulation, such
as bonds, commercial paper and securitizations. Through these emissions, resourc
e capture short, medium and long term, they are transferred to companies. This p
rovides a lower cost financing than that offered by financial institutions and d
iversifying the sources of input credits Trust: A mechanism to make use of econo
mies of scale through volume purchase of inputs, achieving a better bargaining p
osition with suppliers, thus ensuring greater competitiveness in the marketing o
f the final product. What offers Fiducoldex? Bringing together small and medium-
sized manufacturers in order to channel their money, which may come from loans o
r equity. The efficient management of money from individual exporters or groups
of exporters, for the purchase of raw materials needed for production or adaptat
ion of goods and services for the international market. The development and impl
ementation of plan expenditure in accordance with the instructions of the export
er or group of exporting, in addition to regular pay these accounts. Pre-shipmen
t Trust: A mechanism that facilitates a process of trading with an overseas buye
r, the liquidity for the exporter, in the period between signing the contract an
d the shipment of the goods. Fiducia market opening: It is a mechanism that aims
to unite different exporters, achieving economies of scale, in order to further
open markets abroad to market their products. Fiducia Management Bill: Look for
the achievement of cash resources for the exporter, through the issuance of cer
tificates of trust in financial institutions, whose support bills are credit sal
es originating from domestic or foreign buyers, which are delivered the Trust fo
r administration and collection
COLOMBIA PROEXPORT
It is the entity responsible for the Commercial Promotion of Nontraditional Expo
rts Colombian. Provides comprehensive support and advice to the National Employe
rs, in their International Marketing, through services aimed at facilitating the
design and implementation of its export strategy. PROMOTES: • Identification of
market opportunities. • Develop market penetration strategies. • Internationali
zation of companies. • Support in designing action plans. • Contact between busi
nessmen in both trade promotion and investment. • Specialized services to foreig
n businessmen interested in acquiring Colombian goods and services Information C
enter, ZEIKY; offers: • Information, advice and feedback on Foreign Trade. • Aut
o Screens • Personalized consultation on all aspects of Foreign Trade, Specializ
ed Business Advisors. • personalized telephone answering Line (Call Center). • L
ibrary • Coffee internet specialist advice on the use of web tools for Foreign T
rade. • ongoing training program by organizing conferences The Marketing Intelli
gence System
Country Guides: Information available for 47 countries representing over 95% of
the current destinations of Colombian exports Exports Colombia: Colombian export
s statistics available by sector and subsector of the economy, product or countr
y of destination.€Documentation Centre and Virtual Product Catalog Conditions of
Access to International Markets: consultation on rules of origin, tariffs and o
ther technical standards, sanitary, phytosanitary, with information available fr
om over 30 countries • Information on Logistics and Transport Compensation Mecha
nism . • Expopyme Program • Program Quality Assurance Plans Exporters • Export •
Special Projects - PEX • Trade Missions • Agendas • Business Productivity and C
ompetitiveness • Service Offices
PERFORMERS INSTITUTIONS (PRIVATE) ZONA FRANCA The free zone is the geographical
area within a country, where industrial activities are goods and services, and c
ommercial activities under special regulations in tax, customs and foreign trade
. Goods entered in these zones are considered outside the national customs terri
tory for purposes of taxes on imports and exports. Aims to: • Be a tool for job
creation and training of new capital investment. • Promoting competitiveness in
the regions where it is established. • Develop highly productive industrial proc
esses and competitive, under the concepts of security, transparency, technology,
clean production, etc. The industrial user of services is the legal entity auth
orized to develop exclusively in one or more free zones, the following activitie
s: • Logistics, transportation, handling, distribution, packaging, etc. • Tele i
nformation systems, information technology for the processing, storage, etc.. •
Medical assistance. • Tourism. • The business user is the person authorized to m
arket development activities, marketing, storage or retention of property.
CUSTOMS BROKERAGE COMPANY (SIA)
Customs Brokerage Companies are legal entities whose main corporate purpose is t
he practice of customs brokerage, for which they must obtain authorization from
the Directorate of National Taxes and Customs DIAN. Customs Brokerage through Ad
uacarga SA SIA, for imports and exports in major cities, ports and borders of Co
lombia, including the tariff classification of goods. • Counseling and Consultin
g in Foreign Trade and International Logistics. • Feasibility studies on Imports
and / or exports. • Management of UAP programs, ALTEX, Vallejo and Storage Plan
for Transformation and Development Project Assembly • "Outsourcing" and "inhous
e" in Foreign Trade. • Tariff classification of goods and processing and process
ing of import records.
• •
•
Operational support processes Freight consolidation and deconsolidation of goods
. The Colombian foreign trade is governed by Decree 2685 of December 28, 1999, w
hich was regulated by Resolution 4240 of June 2, 2000. Aduacarga S.A. S.I.A. was
 authorized by the DIAN to exercise customs brokerage activity and announced as
such to the customs authorities at the national level, under Resolution No. 09 2
27 of October 11, 2004
Customs warehousing: During the time that their import cargoes carried nationali
zation customs procedures are stored in our bonded warehouse Customs and Free Zo
ne deposit in Bogota, which have been certified ISO 9001:2000 in storage and war
ehousing services of goods under customs control. Authorized .- Local Customs Wa
rehouses storing goods for warehousing requested from Customs, which are then ro
uted to other schemes or customs operations. They can be private or public. Cust
oms Warehouse Authorized .- Local Private storage of goods intended for the sole
property of the depositary. Customs Warehouse Authorized .- Local Public for th
e storage of goods of different depositors. Commercial banks commercial banks ar
e credit institutions that try to make a profit for its shareholders, and at the
same time, bodies with the power to create money, because the items of its liab
ilities are deposits consisting of money (deposits) or quasi-money (savings and
time deposits). With regard to training resources through bank deposits, commerc
ial banks have to face a liquidity problem more acute than that which arises for
the other private lenders. The first task of the management of a bank is meetin
g the legal reserve requirements and be prepared to meet deposit withdrawals.€Th
e banks have to be prepared to meet the demands of their clients' money without
question and therefore have notes and coins in their vaults. Naturally, some cus
tomers are putting money while others are withdrawing, so that most of the extra
ctions can be addressed with the money deposited the same day. But the deposits
and withdrawals never balance exactly. When withdrawals spend money on deposits,
the bank makes payments with your cash reserve in vault. The bank operations gi
ve rise to banking operations, which operations are classified into core and anc
illary. The operation is double bank and direct intermediary of which the most i
mportant is the interim operation.
From three points of view we can consider the banks and their operations economi
cally in its first aspect is the stuff of science bank in the banking law, secon
d and third of the banking operations. Banks tend to meet actual operations and
positive social and political demands, not only the present but also the future.
Banking technique contributes to solving the many problems arising from the ope
rations of banks and provides an important service to the development of banking
, because: it provides the practical element indispensable for the operations of
the legal rule applicable to banks. Commercial banks are granting credit operat
ions on own funds or funds that have by borrowing or created. Commercial banks a
re lending operations that try to make a profit for its shareholders while bodie
s with the power to create money because the items of its liabilities in the for
m of cash deposits, deposits of quasi-money, savings and long term.