Professional Documents
Culture Documents
Executive Summary!.......................................................................................................4
Mining and Oil & Gas!.....................................................................................................5
Talisman Energy A Case Study in World-Class Social Responsibility!.................6
Talismans Operations In Colombia!.......................................................................................7
Talismans Chosen CSR Partner: The Colombian Red Cross!.............................................7
Healthcare!.......................................................................................................................9
Infrastructure and Capital Projects!............................................................................10
A Canadian Infrastructure Success Story GENIVAR and the Dona Juana Landfill!....11
Finance!..........................................................................................................................13
Agriculture and Environment!......................................................................................14
Education!......................................................................................................................15
A Special Thank You to our Founding Partner...!.......................................................17
...and to all our National Partners!!..............................................................................17
Appendix I: Press Coverage El Espectador Article!..............................................21
Best Wishes,
Terry Clifford CM
President Founder
Global Vision: Producer of Global Leaders Since 1991
Executive Summary
From July 12 to the 20, Global Visions Junior Team Canada (JTC) Ambassadors travelled to
Bogot as part of an economic and development mission to strengthen bilateral relations. With
rapid economic growth and increased security, Colombia is gaining momentum and is
becoming one of the safest places to do business in Latin America. Colombia takes pride in its
high national security, flexibility, and strong long-standing democratic framework.
JTCs mission to Colombia was well positioned, as it followed Prime Minister Harpers visit to
Cartagena for the Summit of the Americas. The Ambassadors reiterated the Prime Ministers
expressed satisfaction at the growing commercial and
investment ties between the two countries in the wake
of the recently ratified Canada-Colombia Free Trade
Agreement (FTA). Junior Team Canada set out with
mandates of over 50 Canadian companies,
within
several of Colombias prominent sectors, including from
national partner Talisman Energy, to gather market
intelligence, foster key contacts and promote brand
Canada in Colombia.
JTC met with a diverse group of local and international
leaders who have exposed them to the complex
Colombian world of politics and business, as well as the
vibrant culture and warm hospitality. During the week,
the team had meetings with Talisman Energy Inc. (JTCs
JTC Ambassadors with Red Cross
host in the country), the Canadian Embassy, and the
volunteers atop Montserrate during the
Canadian-Colombia Chamber of Commerce in Bogot. JTC Amazing Race
On the weekend, JTC took a trip to the timeless Salt
Cathedral of Zipaquir; enjoyed an Amazing Race at the historic Plaza de Bolvar organized by
volunteers from the Cruz Roja Colombiana (Colombian Red Cross) ; and scaled up the
breathtaking Monte Monserrate all to experience Bogotno culture first hand. JTCs national
partner, Talisman Energy, alongside the Cruz Roja Colombiana, its community partner, brought
JTC to see first-hand how CSR is changing lives in the department of Vicada by providing
humanitarian assistance to indigenous groups.
expertise and the recently implemented Canadian Colombian Free Trade Agreement, Canada
is poised to maintain the largest stake in the oil and gas sector, which currently stands at 49%.
Talisman Country Manager for Colombia Chris Spaulding, Agustin De La Puente: Latin America legal,
corporate affairs and communications manager for Talisman, JTC President Terry Clifford, Talisman
Global Manager of Corporate Affairs Amy Jarek, Frederick Caldwell, Canadian Embassy, Second
Secretary (Commercial)
JTC learned that Talismans decisions are based on core values that align with its international
best practices in the oil and gas industry. The CSR is embedded in these core values and it is
a major area of focus for Talisman. According to Amy Jarek, CSR has several benefits for
Healthcare
When it comes to the health sector, Colombias pharmaceutical industry is rapidly growing.
Nevertheless, major improvements can still be made in terms of information technology, patient
records, infrastructure, and accessibility to insurance. Developing these specific aspects
would considerably increase efficiency, while also providing coverage for more
Colombians.The federal government administers healthcare in Colombia. Income disparities
have resulted in atwo-tier system. Affluent Colombians are able to access private healthcare
services in facilities referred to as "clinicas". Less fortunate rely on a combination of public
healthcare services provided by government hospitals and a collection of not-for-profit
organizations. There is a significant difference in the quality of services provided by private
and public healthcare providers. Most of Colombia's 44 million citizens rely on public
healthcare and are unable to afford private healthcare options.The inefficient and deteriorating
public system is stretched to the breaking point due to accelerating population growth.
The Colombian healthcare system experiences many challenges, which provide
opportunities for Canadian companies offering solutions. Improvements in areas such
as information technology, patient records, infrastructure, and accessibility to insurance
would improve efficiency while expanding coverage for Colombians. Canada has many
industry leaders who stand to benefit from these opportunities in Colombia.
Like Canada, health insurance is provided by the government of Colombia. However, it only
covers the most basic services. Some Colombians receive additional insurance through their
employer, as in the American health system. Affluent Colombians can buy additional private
insurance to receive the highest quality of medical care at private health care facilities. Third
party organizations aim to bridge a growing divide between the public and private
healthcare systems. The team visited the
Centro Integral de Rehabilitacion de Colombia
(CIREC), which is a non-profit organization
that provides rehabilitation medical services to
Colombians. Their services include providing
prosthetic limbs, rehabilitation services for
land mine victims, and orthotics for
Colombians with congenital deformities.
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Junior Team Canada had the fortune of meeting with the senior vice president of Brookfield,
one of Canada's largest asset management companies. Brookfields fund in Colombia is one of
the largest infrastructure and private equity funds in Canada and represents it's expanding
presence in Colombia. They have a very aggressive and ambitious project to design and
construct all accessible roads throughout all of Colombia. This is done with an infrastructure
fund that closed in early September with approximately $360 million in commitments from
Brookfield and a number of leading Colombian institutional investors. Brookfield also has
potential plans in building railways throughout Colombia along with improved public
transportation that will be much more accessible than the system that is currently in place.
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Upon hearing the news of a foreign companys takeover of operations, local were at first
skeptical however, GENIVARs vast experience proved to hold up Canadas reputation as a
world leader in waste management. Waste cells were covered with clay immediately after
transportation and specifically designed piping systems were placed to collect the constant
emission of methane gas, sensors were also placed in the cells to measure pressure and
prevent future blowouts. Having received the contract to treat local water sources, GENIVAR
constant efforts to treat toxic liquid run-off allowed the locals to notice a significant
improvement as odors lowered and once heavily contaminated river to return to its natural
clean state.
With the astounding growth rate of Bogot, GENIVAR strives to produce long-term solutions to
the increasing amount of waste produced. This includes a new city wide recycling project and
proposed compost and waste sorting facility. GENIVAR is also planning an expansion to the
wastewater management facility producing new standards for removal of metals and chemicals
from the local waters and aligning itself within the regulations required of Canadian facilities. By
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constantly engaging and surveying local communities, distributing textbooks, and hiring local
citizens for research assistance, GENIVAR truly hopes to instill the knowledge needed for the
years to come.
GENIVAR showed Junior Team Canada Ambassadors the first-hand impact of Canadian
Companies overseas. Each process of the landfill was thoroughly explained and demonstrated
from start to finish. Junior Team Canada was fortunate to be able to participate in such activity
and witness firsthand the environmental concerns that GENIVAR is able to take control. The
passion and knowledge shown by GENIVAR was astounding and they truly showcased what a
Canadian company is capable of doing.
Finance
As a result of the stability in Colombias economy, foreign investment quadrupled between
2002 and 2008. Specifically, Colombia's banking sector is attractive for foreign banks looking
for growth potential, considering only 60% of the population use banks. Colombia has changed
drastically over the past three decades, and with the recent enactment of the free trade
agreement (FTA) with Canada, foreign direct investment has substantially increased the
inflow of foreign investment into the country and especially Canadian interest in financial
sector. Most notably, the 51% acquisition of Colpatria Bank by Canadian financial leader
Scotiabank is a true testament to this fact.
Junior Team Canada met with president of Colpatria, Santiago Perdomo Maldonado and Vice
President of Commercial Banking Jorge Rojas Dumit, who gave exclusive insight to Canadas
growing role in Colombias expanding financial economy. With plans to gradually increase their
shares of Colpatria to 100%, Scotiabanks main goal is to diversify their income on an
international scale.
Corporate social responsibility
(CSR) is a signifacant issue in
finance in Colombia due to past
mistakes made by foreign
companies. It is important to
develop strong relationships with
local community before making
drastic acquisitions. Scotiabank
has connected with the
community and took time to really
understand the needs and wants
of the local people and how it is JTC Ambassadors meet with Colpatrias president Santiago
going to help them. It has Perdomo Maldonado
continued Colpatrias tradition of
offering scholarships to students at universities while also supporting major charity initiatives
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such as the United Way. Although security issues have been a problem in the past, Mr.
Perdomo stressed the fact that the security situation has changed drastically since the 1980s.
It is safe for investors to walk around the streets without fear of assault. Executives and their
families being kidnapped, ransomed, or threatened is no longer a threat that has stopped so
many skilled and competent individuals from conducting business in Colombia.
In speaking with Colpatria executives, Junior Team Canada found that risk management and
exposure in the Colombian financial industry work in a similar fashion to that of the Canadian
Market. However, there are differences between the two markets. For example, in the Canadian
market, when a loan exceeds a certain amount predetermined by financial institutions, it gets
transferred to investment banking in an attempt to better deal with over exposure and create a
more specialized underwriting process. In the Colombian market, most large loans simply get
pooled into the arena of commercial banking.
The JTC members also had the opportunity of meeting with Felipe Laserna Serna, founding
partner and CEO of CIGSA. CIGSA has close ties with Canada by importing wheat and corn
from the Prairies and exporting these products through the ports in Vancouver and Halifax.
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Education
Junior Team Canada's mission to Colombia has been an eye opening experience surrounding
the education sector in the country. Private education has access to many resources and
provides higher quality education, whereas the government-run public education provides
much poorer quality of education. There are many opportunities for Canadian universities,
students, and companies in Colombia.
Junior Team Canada met with Universidad Sergio Arboleda and Universidad de Los Andes.
The team was introduced to the Colombian students who were interested in studying abroad,
namely Canada. These universities also expressed their desire for partnerships with Canadian
institutions. Difficulty obtaining visas represents a perceived challenge for Colombian students
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Gabriel Cobena
Aurora, ON
Bailey Skoretz
Canora, SK
BASF
Grain Millers
Gates Canada Inc.
U of S
G.W. Construction
Jasmine Elliott
St-John's, NL
TEVA; Innovation,
Newfoundland and Labrador International
Business and Rural Development
Pennecon,
Tiller Engineering,
MUN
Beichen Gao
London, ON
London International Academy
Cathy Lei
Windsor, ON
Sylvite
Windsor Rotary 1918
Carleton University
Colin Waugh
Edmonton, AB
Danil Matachniouk
Ottawa, ON
University of Ottawa
Stantec
Danny Orozco
Truro, NS
Robie St. Shell Gas Station
Lennore Zann
Rotary Club of Truro
Woodmaster Tools of Canada
Franco Ng
RIchmond, BC
Intellidt
Paul Tam
Hattie Zhou
London, ON
University of Western Ontario
Jonathan Vollett
London, ON
University of Western Ontario
Julia Peng
Regina, SK
CMA of Sask.,
Enterprise Sask.,
University of Regina,
Students Against Drinking and Driving,
Chinese Language School of Regina,
STEP
Juliana Van Gaalen
London, ON
Sansin Corporation
Mount Brydges Lions
Southwestern Truck Services Ltd.
The Tin Cup
Pineridge Timberframe, Sydenham CCU
Flanigans Riggs
Justice Eashappie
Moose Jaw, SK
STEP,
First Nations University Student
Association,
Enterprise Saskatchewan,
Carry the Kettle First Nations
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Karlie Schewchuk
Canora, SK
Health mark
U of S
Buchanan
Gateway co-op
Shewchuk Insurance
GW construction Edwards School of
Business
Kyle MacDonald
St-John's, NL
NL Department of Innovation Business and
Rural Development,
Teva Pharmaceutical Industries,
Tiller Engineering,
Memorial University CCU
Leta Lowthers
Wolfville, NS
Gerald Schwartz School of Busines,
Scotia Gold
St-FX University
Economic and Rural Development of Nova
Scotia
Mukesh Rambaran
Regina, SK
Sasktel International
Pacesetter Directional Drilling
Rotary Club of Calgary Centennial
Government of Alberta/International Relations
Division
Enterprise Saskatchewan
SAIT Polytechnic
Harvard Developments Inc
Saskatchewan Trade & Export Partnership
Calgary Airport Authority
Regina and District Chamber of Commerce
Trent Wotherspoon
Philip Curley
Charlottetown, PEI
Curley Group,
MacCormick Group,
Innovation PEI
Romeo Lehman
Calgary, AB
The Rotary Club of Calgary,
Students Union (University of Calgary),
Denis Dys.
Sebastian Cline
Moncton, NB
Nav Canada
Ocean IQ
Potash Corp.
Town of Riverview
Port Saint John
Enterprise Greater Moncton
Sammie Dubeau
Quebec, QC
Simons
Corem
Marcel Aubut
Garneau International
Groupe Sant Expert
BCF s.e.n.c.r.l. / LLP
Serge Lebel
Marie-Jose Marquis
Michel Matte
Grard Deltell
Ido Pub inc. et les services bilingues Guy
Roy
Centre R. Boisonneault
Garage Magella Beaulieu inc.
Accommodation Chalou inc.
cole de conduite Qualit-Pro
Marc-Andr Drouin
Les formations Bonheur sans raison
Sylvie Ct
Tigre Gant
Vanja Tubin
Winnipeg, MB
The Manitoba Ministry of Advanced
Education
The Manitoba Ministry of Entrepreneurship,
Training and Trade
International College of Manitoba
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Ze Couture
Gatineau, QC
Franoise Boivin
Stphanie Valle
Septique D&D
Universit de Moncton
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