In the global economy for heavy equipment, Colombia has established itself as a land rich with opportunity. With the passage of the U.S.-Colombia Trade Promotion Agreement, over $200 million in tariffs required by manufacturers in the past have been eliminated. And the country’s economy is growing at a rate that requires heavy investment in infrastructure in order to sustain itself.
To be more specific, the country's growth is expected to reach 4.3% by 2016 compared to 2.9% in Latin America as a whole. This kind of growth would not be possible without the construction sector which made a 21.3% increase between July and September of 2013; driven by a rise in agricultural production fueling the country’s export market.