After talking with businessmen and investors from Great Britain, President Ivan Duque had this to say this Thursday “Colombia is ready and open for business”, hours after formalizing the start of bilateral talks to extend the Free Trade Agreement (FTA) with the British government.
(Colombia and UK formalize their FTAs: this is the deal).
“We met with businessmen from the UK and explained why Colombia is one of the most attractive countries to invest in Latin America: higher economic growth in the region, we are reducing poverty rates, we are leading the energy transition and the fight against the climate crisis. ”, said the president in his remarks.
President Duque emphasized that the country now has stronger regulations than before, which facilitate investment.
“It is proven that the conditions for investing in this country are the best and, for this reason, we are telling entrepreneurs in the UK that Colombia should be their number one choice in Latin America, knowing that at the moment the UK is number one. one of the European investors in our country”.
It is clear that the conditions for investing in this country are the best and, for this reason, we tell entrepreneurs in the UK that Colombia should be their number one choice. #SOLIDknowing that at the moment Great Britain is the number one investor in Europe in our country. pic.twitter.com/LqCs8hzbHJ
— Ivan Duque 🇨🇴 (@IvanDuque) May 19, 2022
According to government data, In Colombia, non-mining and energy foreign direct investment has grown by almost 200% in the last 4 years.
The president defended the trade agreement and said that renegotiating FTAs is a “unprecedented stupidity” after several presidential candidates declared their intention to renegotiate trade agreements that the country has.
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