OECD Economic Surveys: Colombia 2019 by OECD

Author:OECD
Language: eng
Format: epub
Tags: economics
Publisher: OECD Publishing
Published: 2019-10-24T00:00:00+00:00

Trade facilitation can help

If goods move in and out of a country faster, trade costs will fall. Logistics play a crucial role in facilitating the movement of goods. Colombia’s performance in logistics is also well behind OECD standards and most countries in the region (Figure 1.24, Panel A). Besides infrastructure, this relates to weak clearance processes, uncompetitive shipment prices, low quality logistics services, and poor ability to track and trace consignments. Whether physically inspected or not, Colombian export shipments require more time for clearance than shipments from other countries (Figure 1.24, Panel B). Training, simplified regulations and rules of origin, or technological solutions can help to improve inspection times.

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