After a conversation with businessmen and investors from the United Kingdom, President Iván Duque said this Thursday that “Colombia is ready and open for business”, hours after formalizing the Free Trade Agreement (FTA) with the British government.
“We met with businessmen from the United Kingdom and explained why Colombia is one of the most attractive countries to invest in Latin America: higher economic growth in the region, we reduced poverty levels, we led the energy transition and the fight against the climate crisis”, said the president in his speech.
President Duque stressed that the country currently has more robust regulations than before, which facilitates investment.
“It is evident that the conditions to invest in the country are the best and, for this reason, we told the businessmen of the United Kingdom that Colombia has to be their number one option in Latin America, knowing that today the United Kingdom is the number one investor. of Europe in our country”.
It is evident that the conditions to invest in the country are the best and, for this reason, we told the businessmen of the United Kingdom that Colombia has to be their number one option in #LATAMknowing that today the United Kingdom is Europe’s number one investor in our country. pic.twitter.com/LqCs8hzbHJ
– Ivan Duke 🇨🇴 (@IvanDuque) May 19, 2022
According to government data, In Colombia, non-mining and energy foreign direct investment has grown almost 200% in the last 4 years.
The president defended trade agreements and said that renegotiating the FTA is a “unprecedented stupidity” after some presidential candidates expressed their intentions to renegotiate the trade agreements that the country has.