Truth Commission: Colombia needs radical policy changes to...
Colombia’s controversial moment of truth
At least 49 dead after ‘prison break attempt’...
Colombia’s incoming government begins “total peace” offensive
Colombia investigating bullfighting tragedy
Petro’s first moves to restructure Colombia’s government
Petro and Duque meet over transition of power...
Colombia confronts former FARC chiefs with suffering kidnapping...
Colombia hears former guerrilla chiefs over mass kidnappings
Petro’s quest for a majority in Colombia’s Congress
  • About
  • Support
  • Newsletter
  • Contact
Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
Economy

FDI in Colombia will rise to $10B this year: Minister

by Adriaan Alsema March 31, 2011

Colombia news - Sergio Diaz

Colombia’s trade minister believes foreign direct investment (FDI) will climb to above $10 billion and exports will exceed $43 billion, he told news agency Reuters Thursday.

“I believe we are going to surpass $10 billion in foreign direct investment in 2011 and that we go should beyond $43 billion in exports,” Trade Minister Sergio Diaz-Granados told Reuters. “Trade is going well with important growth in all sectors,” he added.

If exports reach $43 billion that would mean an 8% growth compared to the $39.8 billion Colombia exported last year.

This growth is due to the Andean nation’s outreach to Asia and an expansion of trade with other Latin American countries, the minister said.

Colombia’s radically changed its trade strategy under the administration of former President Alvaro Uribe when exports to its traditional markets, the U.S. and Venezuela, dropped, respectively because of the economic crisis and clashes with the Venezuelan leftist government.

To counter the drop in exports, Colombia actively pursued a diversification of its export markets and started focusing more on Asia, Central America and the Caribbean.

FDI in the first quarter this year rose 57 percent from a year ago to $2.8 billion and exports for the first three months of this year were up 12 percent from a year ago, Diaz-Granados said.

economyexportsfdi

Trending

  • Petro’s quest for a majority in Colombia’s Congress

  • The peaceful revolution of Colombia’s “nobodies”

  • Colombia hears former guerrilla chiefs over mass kidnappings

Related articles

  • Gross domestic product

  • Labor and unemployment

  • Scholars’ drastic solutions for Colombia | Part 1: renegotiating free trade

  • RSS

@2008-2019 - Colombia Reports. All Rights Reserved.
Powered by Digitale Zaken and Parrolabs


Back To Top