Foreign investment in Colombia reaches US$10 billion: Uribe

Despite the world economic crisis, foreign investment in Colombia has reached its highest rank in recent years, with a expected to border on US$10 billion by the end of the year, claimed President Alvaro Uribe on Friday.

Up to September this year the figure reached US$6,700 million and is expected to climb in the next three months, declared Uribe at the closure of Andicom 2009, the most important congress of information technology in the country, reported newspaper El Espectador.

Uribe also expressed that this year’s investment rate is around 25 percent, reflecting investor confidence which is a clear recognition of the effort made by the government to ensure freedom of enterprise and safety of entrepreneurs in Colombia.

Reflecting on the achievements of his government, Uribe pledged that by end of his second term, Colombia will have already signed 45 agreements of cooperation in trade, a figure 10 times higher than that at the beginning of his administration.

The President also claimed that the Ministry of Commerce expects that in the next week, the Canadian Parliament will give its approval to free trade with Colombia.

Finally, Uribe stressed that the conncection between the Armed Forces and the Colombian people is of utmost importance to his government and the work that the Armed Forces are carrying out at present will sow the seeds of security for the coming century.

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