There may have been some understandable skepticism when the Global X FTSE Colombia 20 ETF (NYSEARCA:GXG) was launched in 2009. After all, when Americans thought about Colombia (if they did at all), the first things that came to mind might have been narco-terrorism and Pablo Escobar; not a land of investment opportunity. But a lot has changed in the Latin American nation in recent years. The government has made great strides towards combatting the violence and kidnapping that made the country infamously unsafe in the past few decades, and has made significant advances in weeding out institutional corruption.Blessed like many South American countries with abundant natural resources, and with the fourth largest economy in Latin America, Colombia stands to gain handsomely from rising commodity prices worldwide. Some of the country's main exports include oil, coal, coffee, and gold, and it is also the world's leading supplier of emeralds. Colombia and the U.S. have also recently signed a free trade agreement, which should increase trade between the two countries. The United States is currently Colombia's most important trade partner. It was ratified by Colombia in 2008, and more recently by the U.S. in 2011.