NEWSLETTER #28 International Allies Bogotá, January 2024 CONTENT 1. Guest Columnist 2. Good news from Colombia and Bogotá-Region 3. BCC News and Upcoming Events 4. Economic Developments 4.1. 4.2. 4.3. 4.4. 4.5.
Gross Domestic Product - GDP Economic Monitoring Indicator Inflation Business Dynamics Job market
5. Evolution of Foreign Trade 6. Foreign Direct Investment 7. International Events Calendar of the Bogotá Chamber of Commerce 8. Sources
1. GUEST COLUMNIST:
Outlook for 2024: A Journey through Business Challenges and Opportunities Dear international allies of the Bogotá Chamber of Commerce, On the start of this new year, I wish to convey to you my sincere wishes for your success and prosperity. May this year allow us to face challenges with determination and take advantage of the multiple opportunities that will arise. Before us lies a year with great challenges, from an economic perspective, the international conflicts, and the technological changes. Yet, in every challenge, we also envision notable opportunities: the flourishing of emerging markets, the digital transformation, and the expansion of trade agreements. In our case, the Micro, Small and Medium-sized Enterprises (MSMEs) are the backbone of the Bogotá region, as well as the engine and the driving force that propels us to work tirelessly for its strengthening and development. Companies are job creators, wealth creators and the catalysts for innovation; they inspire us to continue growing. In this scenario, issues such as promoting trade and controlling inflation continue to be greatly relevant. In 2023, Bogotá city remained slightly above the country's general growth, driven mainly by the services sector, public administration and health (+4.6%), arts and entertainment activities (+4.1%) and agriculture (+13% in the third quarter). 2024 will be a year of economic recovery for the world and for the country, therefore, the business sector will be in charge of creating employment and increasing the production of goods and services, with a projected growth of 1.8%, according to the World Bank, and 3% for 2025. As such, we will still have challenges in business innovation, the digitalization of payment methods and marketing channels, as well as access to better sources of financing, among others, in which we will work closely with the business community in the fulfillment of our mission. In this context, the Bogotá Chamber of Commerce is committed to promoting trade through alliances, international events, business roundtables, as well as simplifying the business ecosystem, especially for MSMEs. Our portfolio of services and event agenda for 2024 reflects this commitment. I will now briefly present to you, our international allies, the Chamber's events agenda.
Promotion of the Global Startup Ecosystem Award in February, carried out by the Center for Innovation and Business Design: Innovalab. where future leaders of the startup ecosystem from around the world meet and are celebrated. The Bogotá Fashion Week in May, a week of high fashion, design and glamor in Bogotá, which highlights globally recognized designers and brands, ranging from products inspired by ancient cultures to haute couture. In September, we will have a new edition of ARTBO, which brings together artists from Colombia and Latin America at this world class event, seeing on average more than 25,000 visitors. The Entrepreneurship Week in November will be a meeting for creative and entrepreneurial minds to explore crucial topics, such as the circular economy, creativity and branding, promoting innovative and sustainable solutions. With this agenda, we seek to highlight our commitment to promoting culture, entrepreneurship, art and innovation, as well as creating networks and exploring business opportunities internationally. (You will find the complete portfolio of events and initiatives at the end of this newsletter). To conclude, I want to highlight the relevance of international trade as a vital driver of the economy in the Bogotá-Region and Colombia, generating over a million jobs, with Bogotá being responsible for more than a third of them. Therefore, we are excited to announce the ICC World Chambers Federation Americas Summit “BUSINESS BEYOND BORDERS: MSMEs GOING GLOBAL”. This event, which we will organize in alliance with the World Chambers Federation (WCF) of the International Chamber of Commerce (ICC), will take place in Bogotá from May 8 to 10 at our headquarters in Salitre, Bogotá. It will be a space to explore opportunities to facilitate access for micro, small and medium-sized enterprises to international markets. This event will showcase the best practices and experiences of industry associations (with the attendance of more than 50 international leaders), great businessmen and academics, with opportunities for reflection and learning, as well as spaces to connect and do business, among an initial guest list of more than 600 businessmen. In other words, this Regional Summit of the Americas will become a launchpad to catapult businesses into international markets. We are excited about the opportunities that the new year has in store for us and look forward to continuing our fruitful collaboration with all of you. We are committed to continue working tirelessly to promote trade, investment and competitiveness, especially for micro, small and medium-sized enterprises. We look forward to your participation in all of our initiatives.
Ovidio Claros Polanco Executive President – Bogotá Chamber of Commerce
2. GOOD NEWS FROM COLOMBIA AND BOGOTÁ GOOD NEWS FROM COLOMBIA
•
Colombia participated as a member country in the 54th Annual Meeting of the World Economic Forum in Davos, Switzerland, from January 5 to 19, 2024. During this event, the country focused on presenting investment opportunities in areas such as energy transition, environmental sustainability and tourism infrastructure, as well as elevating the country's positioning as a destination for investment, tourism, business and as an export platform. For more information, visit the following link.
•
Colombia actively participated in Fitur, the international tourism fair, with a delegation of around 40 companies under the slogan 'Colombia, the country of beauty'. With the aim of highlighting the country's tourism offer, Colombia emphasized key concepts to attract international travelers, where more than 600 business meetings took place with entrepreneurs from 48 markets. For more information, visit the following link.
GOOD NEWS FROM BOGOTÁ-REGION
•
Bogotá stands out as a "trend-setting destination" for the world. The District Tourism Institute of Bogotá announced that the city was chosen as one of the "trend-setting destinations" for the world, according to TripAdvisor, the largest travel website on the planet. Bogotá stood out for its historical, cultural, gastronomic and biodiversity richness. For more information, visit the following link.
•
The Colombian capital stands out with the highest score (4.99) in internationalization. The IDI, which evaluates the integration of Colombian departments with the world, is based on 40 variables. This index addresses internationalization as a crucial process to close technological gaps and foster growth and prosperity. For more information, visit the following link.
•
The District Tourism Institute of Bogotá promotes responsible tourism with the Ethical Code #NatureTourism". This code seeks to ensure that each actor in the sector promotes tourist experiences that comply with principles and values, guaranteeing safety and accessibility. The Institute promotes this code to make of Bogotá an intelligent, responsible and sustainable tourist destination, with 15 principles and 48 agreements that the various tourist actors and residents of the city must comply with. For more information, visit the following link.
3. BCC NEWS AND UPCOMING EVENTS
•
With an investment of $96,300 million COP, 68 new ZASCA Reindustrialization Centers will be launched between 2024 and 2025. The ZASCA Reindustrialization Centers are a strategy that is part of the National Reindustrialization Policy and the Popular Economy Policy that seeks to promote and strengthen the productive units, microbusinesses and MSMEs where the Bogotá Chamber of Commerce actively participates as an investor and supports with training, formalization and access to markets. For more information, visit the following link.
•
The Bogotá Chamber of Commerce hosted the first in-person meeting of 2024 this January 30 to learn about national and local commitments related to food security and the right to food, as well as best international practices, and especially to support the agricultural sector and the farmers of our city-region. For more information, visit the following link.
•
On February the 14th the Bogotá Chamber of Commerce launches “Rescata Tu Negocio", and invites all workers in the informal economy to discover key tools for increasing their business sales through a tailored training route and personalized advisory services. Location: CCB Kennedy headquarters.
•
The "FortaleSer" program is reaching its final stage. After its great reception, the Bogotá Chamber of Commerce, in partnership with iNNpulsa Colombia, invites you to the closing event on February 15th at its Salitre headquarters. The project covered 300 businesses in Bogotá and the region, as well as various Chambers of Commerce, in a program involving technical assistance, workshops, networking spaces, mentoring, and individual support across three dimensions: productive and sustainable development, personal growth, and community engagement.
4. ECONOMIC DEVELOPMENTS
4.1. GROSS DOMESTIC PRODUCT - GDP In the third quarter of 2023, Bogotá's GDP decreased by -0.43% compared to the same period of the previous year, this means a decline of 9.3 percentage points compared to growth in the third quarter of 2022, in which the city grew by 8.9%. The growth rate slowed down compared to the first half of 2022. The economic activities with the highest share in gross value added in the third quarter of 2023 were wholesale and retail trade, public administration and defense, and the manufacturing industries, with a share of 25.1%, 16.8% and 12.8% respectively.
Graph 1. Annual growth rate of GDP, by quarter, between 2019 and 2023 for Colombia and Bogotá 19,0% 18,2% 13,8% 13,5% 3,6%
15,4% 12,2% 11,1%
2,4% 3,1% 3,2% 3,0% 0,5%
8,2%
1,5% 1,6%
1,1%
8,9%
12,3%
11,1%
3,9% 3,7% 3,8%
7,4%
3,1% 3,8% 0,2% -0,4% 2,1% 3,0%
-3,5% -3,9% -7,8%
0,4% -0,3%
-9,2% -15,9% I
II
III 2019
IV
I
-16,9% II III
IV
I
2020p
II
III
IV
2021pr Colombia
I
II
III
2022pr
IV
I
II
III
2023pr
Bogotá
Source: DANE – SDDE.
The Gross Domestic Product (GDP) of Bogotá reached US $21.872 millions in the third quarter of 2023, of which US $21.257 millions correspond to the gross value added of the city. The activities that contributed the most to the aforementioned gross value added were wholesale and retail trade, public administration and defense and, in third place, real estate activities, with 25.1%, 16.8% and 12.8% respectively. Likewise, the activities with the highest annual growth were public administration and health activities, mining activities and agricultural activities, with a growth of 4.8%, 10.6% and 13.0% respectively. 4.2 ECONOMIC MONITORING INDICATOR (EMI) According to the Economic Monitoring Indicator (EMI) in 2022 and 2023, as of November 2023, monthly growth has ranged between -2% and 2% as seen in Graph 2. Colombia's EMI has experienced a small bump in November 2023 compared to October 2023, it stands at 0.9%, higher than in November 2022 (1.8%).
Graph 2. Monthly growth - Economic Monitoring Indicator 8,0
6,8
6,0 4,0 2,0
4,3
3,3 1,7
1,6
0,2
1,3 1,4 -0,1
-0,6
0,0 -2,0
-0,5 -0,9
-1,5
1,8 2,4
1,4
0,8 1,3 1,2
0,2
0,0
-1,0
0,1 -1,5
-1,8
0,5 0,8 -1,0
0,8 -1,2
-0,1
0,9 -1,1
-4,7 -4,7
-4,0 -6,0
2021p
2022pr
Octubre
Noviembre
Agosto
Septiembre
Julio
Junio
Mayo
Abril
Marzo
Enero
Febrero
Diciembre
Octubre
Noviembre
Septiembre
Julio
Agosto
Junio
Mayo
Abril
Marzo
Febrero
Enero
Diciembre
Octubre
Noviembre
Septiembre
Julio
Agosto
Junio
Abril
Mayo
Marzo
Febrero
Enero
-8,0
2023pr
Source: DANE. ISE, 2023.
In November 2023, the activities that showed the greatest monthly growth in the EMI were Agriculture, livestock and hunting with 2.5%, Public administration with 1.6% and Manufacturing and construction industries with 1.6%. Regarding annual growth, Information and Communications activities showed the greatest growth in the EMI with 9.5%. The activities with the greatest annual decline in the EMI for the last year have been the manufacturing and construction industries, with an annual variation of -5.4% as of November 2023. 4.3 INFLATION Colombia and Bogotá experienced a decrease in monthly price variation in December compared to the same month of the previous year. In December 2022, the monthly variation in Colombia was 1.26% and 1.25% in Bogotá, while, in December 2023, it came down to 0.45% and 0.48%, respectively. This decrease indicates lower inflationary pressure in the Colombian economy. Table 1. Monthly and annual inflation in Colombia and Bogotá during November 2022-2023. Period dec-22 dec-23
Monthly variation Colombia 1.26% 0.45%
Bogotá 1.25% 0.48%
Year to Date Variation Colombia 13.12% 9.28%
Bogotá 12.35% 9.43%
Source: DANE-Consumer Price Index (CPI)
Annual Variation Colombia 13.12% 9.28%
Bogotá 12.35% 9.43%
As of December 2023, the year-to-date variation for Bogotá was 9.43%, while for Colombia, it was 9.28%. This indicates that the capital experienced higher inflation than the national average during this period. For its part, the annual price variation in Colombia fell from 13.12% in December 2022 to 9.28% in December 2023, while the annual price variation in December 2023 for the capital shows a decrease of 2.9 percentage points compared to the same month in 2022, from 12.35% to 9.43%. Price variation data by spending division in Colombia and Bogotá for December 2023 show that restaurant and hotel spending rose by 1.64% in Bogotá, while Accommodation and public services spending rose by 1.02%, in Bogotá as well. Regarding the spending divisions that fell, the greatest negative variation in the city was food and non-alcoholic beverages, with -0.61%, followed by information and communications, which fell by -0.09%. In Colombia's spending divisions, it was the Restaurants and Hotels division that presented the greatest variation, at 1.50%, with food and non-alcoholic beverages, and information and communications, at 0.42% and -0.18% respectively. 4.4 BUSINESS DYNAMICS For the month of December 2023, the data shows a slight drop in the number of active companies in the jurisdiction of the Bogotá Chamber of Commerce compared to previous years. A general decrease of -0.5% is observed in the total number of active companies for December 2023 compared to the same month of 2022. When analyzing the share of companies by legal status in December 2023, more than 50% of the registered companies are Natural Persons, with a total of 280,931 companies, which represents 56.6% of the total. On the other hand, Legal Persons totaled 215,050, or 43.4%. Regarding annual variation, the Legal Person category experienced a positive growth of 0.9% in the number of active companies between December 2022 and December 2023, while the variation for Natural Persons was -1 .7%. Table 2. Evolution of active companies between 2021 and 2023, for the January-December period, by size Variation Variation 2022 2021 - 2023 - 2023
Size
2021
2022
2023
Micro
437,324
467,263
460,355
5.3%
-1.5%
Small
22,643
22,301
24,908
10.0%
11.7%
Medium
6,221
6,201
7,301
17.4%
17.7%
Large
2,968
2,940
3,417
15.1%
16.2%
Total, Bogotá and Cundinamarca jurisdictions
469,156
498,705
495,981
5.7%
-0.5%
Source: Commercial Registry, 2021-2022-2023
In terms of annual variation in the number of active companies compared to December 2022, microenterprises had a decrease of -1.5%, while small enterprises experienced an increase of 11.7%. For their part, medium-sized enterprises grew by 17.7% and large companies registered an increase of 16.2%. When analyzing the share of companies by size in December 2023, micro-enterprises represent the majority of the business ecosystem, with a total of 460,355 companies, which is equivalent to 92.8% of total active companies in the jurisdiction of the Bogotá Chamber of Commerce. Small enterprises represent 5.0% of the total, with 24,908 registered enterprises. On the other hand, medium-sized companies represent 1.5%, with 7,301 companies, while large companies make up 0.7% of the total, with 3,417 companies.
4.5 JOB MARKET Employment has improved compared to the previous year; at the national level, the unemployment rate in November 2023 was 9.0%, 0.5 p.p. lower than November 2022. Likewise, the occupation rate increased 0.9 p.p. over the last year to 58.3% as of November 2023. The overall participation rate increased 0.7 p.p. to 64.1% as of November 2023, from 63.4% for November 2022. Table 3. OPT, OR and ER, Colombia Nov-22
Nov-23
Difference (p.p)
Overall participation rate
63,4
64,1
0,7
Occupation rate
57,4
58,3
0,9
Employment rate
9,5
9,0
-0,5
Rate
Source: Large Integrated Household Survey – GEIH (DANE). November 2023
In Bogotá and the metropolitan area, the unemployment rate was 8.7% for the moving quarter September-November 2023, 0.5 p.p. lower than the 9.2% of the national total for the same period. For the same quarter, the capital shows an occupation rate of 64.7%, 5.5 p.p. above national occupation for the same quarter. The data shows that more people of working age are participating in the labor market in the capital (82.0%) than in the country (77.6%). The number of employed persons grew by 699,000 from November 2022 to November 2023, likewise the number of unemployed persons decreased by 2.8%, which means 66,000 fewer people in a nonemployed condition (previously, called “unemployed").
5. EVOLUTION OF FOREIGN TRADE
EXPORTS In November 2023, Colombia experienced a -1.5% decrease in its exports compared to November 2022, indicating a slowdown period. Bogotá, on the other hand, achieved an increase of 8.9%, in stark contrast to Cundinamarca, which saw a decrease of -33.6%.
Graph 3. Annual variation in exports for Colombia, Bogotá and Cundinamarca 2021-2023 120,0 100,0 80,0 60,0
40,0 20,0 7,5
0,0
-4,8 -9,0
-20,0 -40,0
ene-21 feb-21 mar-21 abr-21 may-21 jun-21 jul-21 ago-21 sep-21 oct-21 nov-21 dic-21 ene-22 feb-22 mar-22 abr-22 may-22 jun-22 jul-22 ago-22 sep-22 oct-22 nov-22 dic-22 ene-23 feb-23 mar-23 abr-23 may-23 jun-23 jul-23 ago-23 sep-23 oct-23 nov-23
-60,0
Colombia
Bogotá
Cundinamarca
Source: DANE, International Trade
In November 2023, Colombia had exports worth $4.15 billion FOB dollars. Bogotá, for its part, maintained positive growth, with $335 million FOB dollars for that month. Finally, Cundinamarca experienced a drop in its exports, with $213 million FOB dollars. In November 2023, total exports from the Bogotá-Cundinamarca region reached a total of $549 million FOB dollars. The United States stood out as the main export destination, with a total of $186 million FOB dollars, which is equivalent to 33.7% of the total. Ecuador ranked second with $51 million FOB dollars, representing 9.3% of the total, while Brazil came in third place with $30 million FOB dollars, and with a 5.4% share. Peru and Mexico also stood out as relevant destinations with $25.7 million (4.7%) and $24.1 million (4.4%) respectively. Japan contributed 18 million (3.3%), and Venezuela, Argentina and Chile contributed $23 million (4.2%), $15.9 million (2.9%) and $15.6 million (2.8%), respectively, to the region's exports.
Guatemala also played a notable role in exports, with a total of $12 million (2.2%). Exports to other countries, grouped under "Other Countries", represented $150 million FOB dollars, or 27.2% of total exports. Graph 4. Exports according to destination countries. Bogotá – Cundinamarca, November 2023
Ecuador; 9,3% Brazil; 5,4% Perú; 4,7% México; 4,4% United States; 33,7% Venezuela; 4,2% Japan; 3,3% Argentina; 2,9% Chile; 2,8% Guatemala; 2,2% Other Countries 27,2%
Source: DANE, International Trade
IMPORTS In October 2023, Colombia's total imports reached $5.37 billion CIF dollars, with a decrease of -12.3% compared to October 2022. Similarly, Bogotá showed a decrease in its imports of -10.6% compared to the same month of the previous year, with $2.69 billion CIF dollars in October 2023. Bogotá's participation in national imports increased, from 49.1% in October 2022 to 50. 1% in October 2023. Cundinamarca, for its part, also experienced a decrease in its imports, with $404 million CIF dollars in October 2023, which is a variation of -23.0% in relation to October 2022. Cundinamarca's participation in national imports also decreased, from 8.6% to 7.5% for the same period. The Bogotá-Cundinamarca region, which includes Bogotá and Cundinamarca, recorded imports worth $3.09 billion CIF dollars in October 2023, a decrease of -12.4% compared to the same month of the previous year. The share of this region in national imports was 57.7% in October 2022 and 57.6% in October 2023.
Graph 5. Imports from Colombia, Bogotá and Cundinamarca (October 2022-2023)
Millions of CIF dollars
7.000,0 6.000,0
6.127,3 5.375,7
5.000,0
4.000,0 3.011,2
3.000,0
2.691,7
2.000,0 1.000,0
524,3
403,7
Colombia
Bogotá Octubre, 2022
Cundinamarca
Octubre, 2023
Source: DANE, Imports.
The country's main trading partners were the United States and China. The United States led with $733.1 million CIF dollars, representing 25.0% of the total, closely followed by China, which contributed $657.7 million CIF dollars, representing 21.2% of the total. These two countries represent almost half of all imports (46.2%). Mexico, with $162.2 million CIF dollars, ranked third in, contributing 5.2% of the total. Germany and the Netherlands also played a relevant role, contributing $147.5 million (4.8%) and $134 million (4.3%) respectively. Brazil and Nigeria reached $128.9 and $100.3 million CIF dollars respectively, while France and Japan contributed $78.5 and $63.3 million CIF dollars. Finally, "Other Countries" contributed $849.9 million CIF dollars, representing 27.5% of total imports, underscoring the diversity of import origins beyond the main partners mentioned. 6. FOREIGN DIRECT INVESTMENT
During the third quarter of 2023, the country received US$3.37 billion through FDI, equivalent to 3.4% of quarterly GDP. These resources were US$255 million higher compared to the same period in 2022, and US$1.86 billion lower compared to the immediately previous quarter.
Graph 6. Quarterly FDI flows
Source: Banco de la República Regarding FDI flows by country of origin, during the third quarter of 2023 resources came mainly from the United States (US$ 1.13 billion), Spain (US$ 555 m), England (US$ 335 m), Panama ( US$ 201 m), Mexico (US$ 156 m), Canada (US$ 156 m), Anguilla (US$ 152 m), and France (US$ 103 m). The annual increase in FDI (US$ 255 m) is mainly explained by the higher investments received from the United States, Mexico, Cayman Islands, England and Canada, partially offset by lower investments from Switzerland, Panama, the Netherlands and Spain.
7. International Events Calendar of the Bogotá Chamber of Commerce 2024
DATE
SCHEDULE
January 30, 2024
8:00 a.m. to 12:00 p.m.
February 21, 2024
8:00 a.m. to 5:00 p.m.
April 12-14, 2024
April 17, 2024
April 25, 2024
10:00 a.m. to 5:00 p.m.
9:00 a.m. to 5:00 p.m.
8:00 a.m. to 6:00 p.m.
NAME OF THE EVENT
BRIEF DESCRIPTION OF THE EVENT
BCC Salitre
Launch of the Food Security Cluster
Relaunch of the cluster to learn about the national and local initiatives related to food security and the right to food, as well as international best practices, with a special focus on supporting the productive force of the agricultural sector represented by the rural population of our city-region.
Innovalab
Global Startup Generate a space to energize and present results Ecosystem of the most important competition in the startup Award (GSEA) ecosystem to recognize and connect future EO Community creators of the digital era from around the world.
LOCATION
Bogotá (Tour through the artistic circuits)
ARTBO (Weekend)
Event that celebrates contemporary art in Bogotá. During this weekend, artists, galleries and art lovers gather to exhibit and appreciate contemporary art. The event offers a variety of activities, such as exhibitions, talks, presentations and interactive activities, allowing visitors to immerse themselves in the world of contemporary art.
BCC Salitre
Fair for inclusive entrepreneurship and "Expotalento Diverso e Inclusivo"
Discussion space on advances in productive inclusion in Bogotá and the region
BCC Chapinero
Second National and International Congress that brings together leaders in the legal Congress of sector in all its branches. Panels and recognitions Women in Law: for achievements in the legal field. Women in law
May 8-10, 2024
May 21 to 24, 2024
22-may-24
August 28, 2024
September 4-6, 2024
8:00 a.m. to 5:00 p.m.
9:00 a.m. a 8:00 p.m.
ICC World Chambers Federation Americas Summit BCC Salitre "BUSINESS BEYOND BORDERS: MSMEs GOING GLOBAL”
Agora Convention Center
Meeting of the Chambers of Commerce of the region and invited Chambers. Conferences, panels and international business roundtables with the aim of learning about the different dynamics that are being carried out in international markets, and the measures and policies that both countries and companies are implementing to facilitate access to international markets.
Bogotá Fashion Week
Annual fashion event where designers, models, fashion experts, and enthusiasts gather to showcase and explore the latest fashion trends and collections. It includes runway shows, fashion exhibitions, conferences, and business opportunities, providing a space for creativity, innovation, and networking in the global fashion industry.
Soy Sostenible
Event that promotes sustainability as a tool for business strengthening and economic development for the Bogotá Region “Soy Sostenible”, the first BCC event focused on sustainability for entrepreneurs and businesspersons
8:00 a.m. to 5:00 p.m.
BCC Salitre
8:00 a.m. to 6:00 p.m.
Agora Convention Center
Gofest 2024
GoFest is an event that offers inspiring talks, panel discussions, cutting-edge exhibitions, practical workshops and strategic networking opportunities, providing a comprehensive space for alliance building and business growth.
Barranquilla or Cartagena
VII National and International Congress of Conflict Resolution. A Center for the Americas
The aim of the Congress is to provide a meeting and dialogue space for experts, professionals, and leaders from various fields interested in conflict management and resolution. It also seeks to promote reflection on current challenges and opportunities in conflict resolution, fostering the construction of effective and sustainable solutions with a focus on the Americas.
8:00 a.m. to 6:00 p.m.
September 9 to 13, 2024
10:00 a.m. to 7:00 p.m
Historic Center of Bogotá
Bogotá Music Market
Event that seeks to promote music and culture in Bogotá. During the festival, a variety of national and international artists from various musical genres perform. In addition to the concerts, the festival includes complementary activities, such as music fairs, workshops, conferences and other experiences related to the music industry.
September 26 to 29, 2024
10:00 a.m. to 7:00 p.m.
Agora Convention Center
ARTBO Bogotá International Art Fair
Fair where national and international galleries, artists, collectors and fans meet in a space dedicated to the exhibition and sale of works of contemporary art. Visitors are offered the opportunity to learn about the latest trends in contemporary art, discover new talents, acquire works of art and participate in educational and cultural programs related to the art world.
September 26, 2024
8:00 a.m. to 5:00 p.m.
BCC Salitre
FUTUREXPO
A day to promote tools to increase sales for businesses and entrepreneurs through the export process.
BCC Salitre
Business Meeting: Female leadership in today's organizations
Conversation on the importance and challenges for female leadership in organizations
Space to generate an inclusive and constructive dialogue about the challenges and opportunities we face on the path towards sustainable development and a responsible economy.
September 27, 2024
12:30 p.m. to 3:00 p.m.
October 4, 2024
9:00 a.m. to 5:00 p.m.
BCC Salitre
Global Compact Congress
October 24, 2024
8:00 a.m. to 5:00 p.m.
BCC Chapinero
International Family Business Day
Day with talks by national and international experts to highlight the importance and challenges of family businesses as a relevant actor in the economic fabric of our country
October 24, 2024
8:00 a.m. to 5:00 p.m.
Digital city 2024
Event in which national and international experts will meet to discuss 4.0 technologies, 2025 trends and discussions regarding how technology favors productivity and improves employee skills.
BCC Salitre
November 13, 2024
November 14, 2024
8:00 a.m. to 5:00 p.m.
8:00 a.m. to 12:00 p.m.
BCC Salitre
BCC Chapinero
International Corporate Governance Forum
Space to publicize the best practices and trends to improve governance in companies through the adoption of a set of practices related to management and control, to achieve greater transparency in their results and efficiency in their administration, strengthening relationships between administrators, partners and stakeholders, mitigating risks and generating confidence for investors, which improves market reputation.
This event brings together creative minds and entrepreneurs to explore topics such as the Entrepreneurship circular economy, creativity and branding through week talks, interactive workshops and networking opportunities, with the aim of inspiring innovative and sustainable solutions in the business world.
8. Sources
• For more information visit the Observatory of the Bogotá Chamber of Commerce. https://www.ccb.org.co/observatorio • DANE. National accounts. Recovered from: https://www.dane.gov.co/index.php/estadisticas-portema/cuentas-nacionales/cuentas-nacionales-trimestrales • DANE. Job market. Recovered from: tema/mercado-laboral/empleo-y-desempleo •
https://www.dane.gov.co/index.php/estadisticas-por-
Commercial Registry, 2019 - 2020 – 2021 – 2022 - 2023. Recovered from: https://www.ccb.org.co/Inscripciones-y-renovaciones/Matricula-Mercantil/Boletines-del-RegistroMercantil/Boletines-ano-2021
• DANE. Social Pulse Survey. Recovered from: https://www.dane.gov.co/index.php/estadisticas-portema/encuesta-pulso-social • DANE, International Trade. Recovered from: https://www.dane.gov.co/index.php/estadisticas-portema/comercio-internacional • Banco de la https://www.banrep.gov.co/sites/default/files/nota_de_prensa_inversion_directa.pdf
República.