Several regulations govern the import and export of technology products and services in Colombia. Language barriers, bureaucracy, corruption, infrastructure limitations, and security concerns should all be considered when importing tech into Colombia.
Currency controls, intellectual property rights, and data protection laws can further entangle the web of compliance requirements and trade regulations in the region. At the same time, second-hand and refurbished tech goods require special permits, which are extensive and time-consuming.
Additionally, Colombia has an intricate lane system for importing and exporting technology products and services. This classification system breaks down the type of technology being shipped and allocates the subsequent requirements, documents, and controls. These controls are not always straightforward and are often combined with more arbitrary allocations like reputation and discretion.
However, Colombia is a member of several free trade agreements (FTAs), which have reduced tariffs and other barriers to trade between Colombia and other countries. For example, The Pacific Alliance (TPA) is a free trade agreement between Colombia, Mexico, Peru, and Chile.