COLOMBIA AUTO SECTOR STRUGGLES WITH STRONG FLOW OF SMUGGLED PARTS AND VEHICLES
November 1st, 2014
The smuggling of auto parts and vehicles into Colombia is a billion dollar trade that has long shackled the sector’s potential for growth. This contraband trade now finds itself squeezed between market forces on one side and a government clampdown on the other, but industry opinion is divided over whether it will be enough to halt the smuggling wave.The trade in contraband auto parts alone costs the Colombian automotive sector an estimated USD2.25 billion a year, representing over a third of 2013 sales, according to the calculations of Colombia’s auto parts ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.