July 27, 2021

Iván Duque will meet with 25 businessmen in Paris to promote investment

Iván Duque will meet with 25 businessmen in Paris to promote investment

Colombian President Iván Duque will meet next Monday in Paris with 25 French businessmen to present the opportunities offered by the country as an investment destination, an official source reported today.

"The 25 companies summoned accumulate sales for more than 500,000 million euros a year, twice the GDP of Colombia in 2017," said the government office ProColombia, responsible for promoting non-traditional exports, foreign tourism and the country brand.

Duque travels to Paris this Saturday to attend the peace conference organized by the French government and meet with authorities of the Organization for Economic Cooperation and Development (OECD) and investors.

According to ProColombia, France is the largest foreign employer in the country with more than 100,000 direct jobs thanks to the 210 French companies that found in the Colombian market an option to expand their businesses.

Official figures indicate that in the cumulative from 2000 to 2017 France registered a flow of foreign direct investment in Colombia for 2,782 million dollars, ranking 15th among the nations investing in the South American country.

Some cases of successful investment by France in Colombia are those of the sporting goods firm Decathlon, the Accor hotel chain, the Renault automotive company, the insurance group AXA and the cosmetic firm L'Oreal.

During the first half of 2018, a French investment in Colombia was recorded for 97.5 million dollars, the source added.


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