“Responsible Business Conduct Country Fact Sheet Colombia”- 2019

…The OECD, in partnership with the International Labour Organisation (ILO), the Office of the  United  Nations  High  Commissioner  for  Human  Rights  (OHCHR),  and  the  European  Union  (EU),  has  launched  a  four-year  programme  (2019-2022)  to  promote  and  enable  Responsible  Business  Conduct  in  Latin  America  and  the  Caribbean  (RBC  LAC)  in  nine  partner  countries  (Argentina,  Brazil,  Chile,  Colombia,  Costa  Rica,  Ecuador,  Mexico,  Panama  and  Peru).  Under  this  programme,  the  OECD  will  contribute  its  expertise  on  Responsible Business Conduct to strengthen government policies for RBC, help business to conduct due diligence in priority sectors, and strengthen access to remedy by reinforcing National Contact Points for RBC (NCPs). This note provides background information and data  on  Colombia’s  trade  and  investment  situation,  with  a  focus  on  the  agriculture, mining/extractives and textiles sectors…Colombia  is  the  fourth  largest  economy  in  Latin  America, and  the  third  in  terms  of  population.  Colombia  is  on  track  to  position itself as  high-income  country,  after  two  decades of sustained growth and considerable poverty reduction. The country was invited in May 2018 to join the OECD and its accession is imminent (OECD, 2018a)…The Colombian economy is supported for the most part by services (60% of GDP), industry (33%),  mainly  from  mining-related  activities,  and  agriculture  representing  7%  of  GDP  (UN, 2019). Although the sectoral structure of Colombia’s economy is similar to that ofthe  LAC  region,  the  tertiarisation  process  has  been  slightly  slower,  as  industry  and  agriculture still maintain a relatively important weight (World Bank, 2018)...