The British & Colombian Chamber of Commerce is organising a trade mission to Colombia, Peru and Chile from 27 February to 7 March 2017. The mission is supported by Invest in NI and the Department of International Trade.
The mission is open to British & Irish companies from a cross section of industries with growth potential in Latin America. Although all companies are welcome, companies in the following sectors will benefit most; professional & financial services firms, infrastructure related industries, extractive industries and energy, retail & consumer goods, food & drinks, renewable energy technologies and any industry with a high technology content.
Recent economic and legal reforms have favoured the Business Climate in Latin America. Although investments in the region declined in 2015, anticipated agreements between the region and the Americas, Europe and Asia aim to promote growth, development and innovation in various sectors. Colombia has extensive trade relations with 181 countries. The UK is Colombia’s 3rd largest foreign investor with trade between both countries worth £1 billion in 2015. It also has the second lowest perceived investment risk in Latin America. Foreign Direct Investment (FDI) in Colombia has grown 476% from USD 2.5 billion in 2000 to USD 12 billion in 2015.
While Chile is well known as the world’s largest exporter of copper, it is also the fifth largest exporter of wine and a large regional producer of chemical wood pulp, fish and grapes, among other things. In recent years, Chile has been shifting its energy policy focus towards investing in renewable energy; earning its ranks as the central actor with regards to installed solar capacity. Chile’s Government has implemented favourable economic policies thus making investment in Chile attractive to Foreign Investors. Due to these favourable policies, FDIs in Chile increased by 12.6% between 2012 and 2015.
With the fastest growing economy in the region and thanks to the introduction of new tax reforms, Peru has strengthened its public accounts. Due to the growing economic rate in Peru, FDI has exhibited an increasing trend between 2004 and 2015. Its growing middle class makes consumer-related sectors, such as retail and food & drink increasingly attractive for exporters with medium to long term interests.
For more information and to register please visit here.