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The report reviews over 40 variables in 5 tax categories; Colombia's weak corporate and property taxes make it the toughest OECD tax climate.

Colombia and the US formalized an interpretative note on their FTA, clarifying aspects of the investment chapter during a bilateral meeting.

"Being part of this organization will allow Colombia to adopt better public policies, which will contribute to overcoming the large gaps in terms of competitiveness.”

Luis Fernando Mejia offers a candid view of the nation's competitive challenges, the cloud of corruption that Odebrecht has created, and the future of regulations in Colombia.

"The priority is that neither users nor companies suffer due to the energy supply," said President Santos.