Investment in Colombia News
According to the Ministry of Trade, Industry and Tourism of Colombia, the agreement will promote and attract investments from Japan into the country. Japan is a target for Colombia’s commercial aspirations, considering that it is one of the major economies in the world, and the country is a beacon of growth and technological and economic development.
According to the 2014 Urban Investment Attraction Index (Indice de Atractividad de Inversiones Urbanas, INAI), a survey by the Del Rosario University’s Competitive Strategy Planning Center (Centro de Pensamiento en Estrategias Competitivas, Cepec) and Chilean firm Inteligencia de Negocios, state that Bogota, Cali, and Medellin are among the cities offering the best advantages for international investment in Latin America. Political stability, the country's macro-economic status and labor conditions, among other factors, helped position these Colombian cities in the ranking.
According to the latest report by the United Nations Economic Commission for Latin America and the Caribbean (UNECLAC), Colombia received FDI worth $16.77 billion USD in 2013, growing by 8% compared to the previous year, as well as displaying a significant support to job creation with a total of 67,000 new jobs in the last three years.