New Report Available: Colombia Defence & Security Report Q4 2014
Fast Market Research recommends "Colombia Defence & Security Report Q4 2014" from Business Monitor International, now available
[USPRwire, Mon Sep 08 2014] The Colombian government is involved in ongoing talks with left-wing insurgent group Fuerzas Armadas Revolucionarias de Colombia (FARC). At the same time, the peace talks are accompanied by sustained or open-ended ceasefires, as well as disruptions of the country's pipeline network, carried out by rebels, so the country is still dedicating large amounts of GDP to maintaining its significant armed forces. This trend is set to continue in the near term, with medium-term expenditure set to rise.
As one of the highest military spenders in the Latin American region, Colombia, BMI expects, will perform USD12.5bn of defence spending in 2014. For the remainder of the forecast period (2015-2018) we expect Colombia to spend an average of USD16bn annually on defence, with the defence budget reaching USD18.6bn by 2018.
We have given Colombia an overall security risk rating of 65 for Q414. On average, the country has scored an overall security risk rating which averages 59 for the period January 2009 to Q414. We believe that Colombia retains a low risk of becoming involved in a major interstate conflict. Nevertheless, it remains susceptible to terrorist attack and thus has a low rating in this regard. Similarly, the country is considered to be at a high risk of experiencing a major terrorist attack.
The incumbent president of Colombia Juan Manuel Santos was re-elected in June 2014. Santos will serve a four-year mandate following his win of 51% of the vote beating his rival Oscar Ivan Zuluaga. Following the victory, peace negotiations with the FARC guerrilla group in Cuba are expected to continue. Shortly before the presidential election, Santos revealed that the government has also begun negotiations with the ELN insurgent organisation.
In May 2014 Santos announced that the peace talks with FARC had made significant progress saying that they had got 'the farthest we have ever come in trying to end the war'. FARC and government negotiators have reached agreement...
The Colombia Defence & Security Report features Business Monitor International (BMI)'s independent forecasts for national and international security, the defence industry, military expenditure, employment in arms production, and arms imports and exports, as well as examining industry trends and prospects, national and multinational arms producers and the regulatory environment.
BMI's Colombia Defence & Security Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Colombian defence and security industry.
Key Benefits
* Benchmark BMI's independent defence and security industry forecasts on Colombia to test other views - a key input for successful budgetary and strategic business planning in the Colombian defence and security market.
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