Colombia offers trade and investment opportunities as a relocation destination for U.S. and global companies

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August 14, 2020
Colombia aims to position itself as a relocation and expansion site for multinational companies looking to establish operations in locations that are closer to their production and consumer centers.

The Embassy of Colombia in the United States and ProColombia—the agency in charge of promoting and attracting foreign investment, tourism, and exports—are involved in a virtual roadshow, presenting Colombia as a strategic investment destination for North American companies and investors looking to do business closer to their production and consumer centers in a post-COVID-19 future.

Located just five hours from New York City by plane, Colombia boasts legal stability and security, tax incentives, and a profitable and dynamic market, as well as a strategic location and export platform that provides access to more than 1.6 billion consumers.

“Colombia is the gateway to the Americas. We are ensuring that our doors are open to other enterprises in this new global business climate,” affirmed Ambassador of Colombia to the United States, Francisco Santos.

With U.S. investments in Colombia for more than US $11.6 billion over the last five years, the United States is the number one global investor in Colombia and also the country’s most important trade partner. The United States is also the main destination for Colombian exports, accounting for 30 percent of international sales, as well as the leading origin for inbound tourism, sending more than 530,000 travelers to Colombia annually.

“Colombia is the ideal destination to mitigate the risks that the new global trade dynamic will bring along with it in the post-COVID-19 era. Our nation has stood out for its continued political stability and solid institutions. These elements have made Colombia one of Latin America’s strongest democracies and have also enabled the country to position itself as one of the region’s largest recipients of direct foreign investment,” stated ProColombia President Flavia Santoro.

Kendra Gaither, Senior Policy Director of the U.S. Chamber of Commerce, affirmed, “the existence of the Free Trade Agreement between the United States and Colombia, Colombia’s commitment to international best practices, a growing and diverse economy, and strong collaboration amongst like-minded partners in the business community make Colombia an attractive market for U.S. companies.”

“Many businesspeople from Atlanta and the southeastern United States are still unaware of proximity of and the business potential in Colombia,” stated Trevor Williams, the managing editor of Global Atlanta.

The virtual tour will continue on August 11th with the Chicago Council on Global Affairs, followed by the Colombia Investment Summit, the country’s most important event for investors, from October 7th to 9th. Additionally, there will be further virtual events all over the United States.

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