Jaime Cristancho

AB Marine Group

Zona Franca Barranquilla


  1. What was the determining factor for you to take the decision to participate in the Free Trade Zone?

Colombia is a stable country with favourable laws for foreign investment and a broad specialised available workforce. This plus the ease of the process to export our products allows us to give a better service to our clients in the international markets and helps the financial structure of the company.

  1. Point out 5 factors how the Free Trade Zone help to increase the exportation of your products or services.

Ease in administration and operational procedures.

Operational costs reduction.

Time of reaction to changes in demand from international markets.

Location.

Tax benefits.

  1. Indicate 3 characteristics that the Free Trade Zone has that promote the competitiveness of your operation.

Simplifies the international commercial processes.

More efficiency in deliveries and procedures.

Having a better position to manage the cash flow.

  1. Why do you consider the Free Trade Zones generate development and investment?

The FTZ allows us to increase our competitiveness due to the financial benefits, allowing us not only to have a competitive advantage but also better conditions to deal with our clients in the international market.

  1. Since being in the Free Trade Zone what are the most important benefits that you have given to the region?

There have been several but I want to highlight one that I consider key. It is related to employment; employees of quality have competitive salaries and therefore able to provide a better quality of life for themselves and families.

  1. What economic and social benefits has the Free Trade Zone contributed to your company and the region?

They are associated with the cost of operation and management of the company, and allow us to remain in a solid state of cost effectiveness. This obviously allows us to be more competitive and to have a clear focus on the international markets and our clients satisfaction. Also this helps to generate employment and better conditions for our workers. We feel very proud of this important social contribution.

  1. What benefits would you have by being in a FTZ with respect to free trade agreements?

With the International and Free Trade Agreements our operations are stronger commercially, raising and giving value to our clients in the whole production chain. We can give this value in less time to supply the market, lower costs and raise quality.

  1. Factually, how can you benefit the region by establishing your operations in the FTZ?

The most important benefit has been to generate employment. Our company has created more than 200 jobs and obviously this has repercussions in the society, the workers and their families.

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