After a conversation with UK businessmen and investors, President Ivan Duque said this Thursday “Colombia is ready and open to business”And Hours after the Free Trade Agreement (FTA) was formalized with the British government.
(Colombia and the United Kingdom formalize their own free trade agreement: these are the agreements.)
“We met businessmen from the UK and explained why Colombia is one of the most attractive countries for investment in Latin America: higher economic growth in the region, we have reduced poverty levels, we have led the energy transition and the fight against the climate crisis.”, The president said in his speech.
President Duque emphasized that the country currently has stricter regulations than before, facilitating investment.
“The conditions for investment in the country are clearly the best, and for this reason, UK businessmen have told us that Colombia should be their first choice in Latin America, knowing that today the UK is the number one investor in Europe in our country.”.
The investment conditions in the country are clearly the best, and for this reason, UK businessmen have told us that Colombia should be their first choice in # latamKnowing that the United Kingdom today is the number one investor for Europe in our country. pic.twitter.com/LqCs8hzbHJ
– Evan Duque 🇨🇴 (IvanDuque) May 19, 2022
According to government data, In Colombia, foreign direct investment in non-mining and energy has grown by nearly 200% in the past four years.
The president defended trade agreements and said renegotiating the FTA is a “unprecedented stupidity” After some presidential candidates expressed their intention to renegotiate the trade agreements concluded by the state.
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