Published On: Thu, Jan 9th, 2014

Colombia seeks infrastructure investment and increase in tourism

buenaventura_port

The Trade Ministry aspires for 2014 to increase investment in infrastructure, increase competitiveness in the manufacturing industry and an increase in the number of visitors to Colombia to 4 million. According to a press release, Trade Minister Santiago Rojas is optimistic about the goals on the agenda, and sees the objectives necessary for the development of the private sector and the government.

Foreign trade is estimated to increase to $63 billion in the new year. “Of this amount achieved, would be the greatest historical value exported by Colombia,” he said.

The Foreign Direct Investment, FDI, which constitutes of the inflows and outflows of capital between countries, is projected to reach $13.2 million.

Furthermore, the minister said efforts this year will focus on leveraging the development in potential sectors such as trade agreements with the European Union.

Industrial Policy: Reduce Costs, Stimulate Entrepreneurship

Rojas emphasized the important aspect of reducing the cost of Colombia. This will include lowering the rates of energy production costs in enterprises.

According to the minister, one of the main challenges facing the industrial industry is how to stimulate entrepreneurial activity and strengthen stage financing, a method used to reduce the risks of investing.

“One of the pillars to achieve a more competitive industrial sector has to do with the inclusion of our companies in global value chains,” he said.

Tourism Sector: target 4 million visitors

“This year we repeat the exercise, with the aim to have sufficient supplies for tourism and their specific needs are included in the National Development Plan of the new government and, ultimately, should lead to a more competitive sector and world class, ” the minister said, in regards to the tourism industry.

This goal involves encouraging state agencies, tourism managers, unions, educational institutions and tourism service providers to participate in the plan to “make tourism a clear choice of social and economic development in all regions of the country,”  Rojas said.

Rojas hopes that Colombia will manage to attract 4 million visitors to Colombia by the end of December 2014  – equivalent to an estimated $4 billion in revenue.

“We have made significant progress on migration issues and connectivity, which leads us to predict that the number of international travelers will continue its upward trend. To do this, next year I will strengthen work on issues such as bilingualism, customer service, infrastructure, training and building business plans for different segments of tourism, including business and health,” he said.

Sources

The post Colombia seeks infrastructure investment and increase in tourism appeared first on Colombia News | Colombia Reports.


For website development, online marketing and promotion,
check out The Q Media


If you enjoyed this piece, please SHARE IT so other readers can find it and enjoy it.

Recent Posts

TCO Bottom2

July 28, 2016, Comments Off on TCO Bottom2

TCO Sidebar

July 28, 2016, Comments Off on TCO Sidebar

TCO bottom

July 28, 2016, Comments Off on TCO bottom
135536323_1469361428286_title0h

What’s in a name? Colombia vs Columbia (Video)

July 25, 2016, Comments Off on What’s in a name? Colombia vs Columbia (Video)
Phumzile Mlambo-Ngcuka, an Under-Secretary-General of the United Nations and the Executive Director of UN Women, speaks during a press conference at the Convention Palace in Havana, on July 24, 2016. Photo Yamil Lage, AFP

Colombian women, LGBT victims stand to get equal ‘peace rights’

July 25, 2016, Comments Off on Colombian women, LGBT victims stand to get equal ‘peace rights’
Daniel Barrera being escorted by the police in Colombia in 2013 for his extradition to the United States. Luis Acosta/Agence France-Presse — Getty Images

Colombian Drug Lord, Seeking Leniency, Said He Tried to Assist the United States

July 25, 2016, Comments Off on Colombian Drug Lord, Seeking Leniency, Said He Tried to Assist the United States
1429872882

Colombia cuts ribbon on Latin America’s first large tire recycling plant

July 25, 2016, Comments Off on Colombia cuts ribbon on Latin America’s first large tire recycling plant
emv-payment-solutions-1

Bancolombia and First Data team up for payments innovation

July 25, 2016, Comments Off on Bancolombia and First Data team up for payments innovation
Sheik Tamim bin Hamad al-Thani is Qatar's Emir

Emir of Qatar to Visit Colombia

July 25, 2016, Comments Off on Emir of Qatar to Visit Colombia
Maria Angela Holguin

Venezuelans’ shopping sprees in Colombia are over: Minister

July 19, 2016, Comments Off on Venezuelans’ shopping sprees in Colombia are over: Minister
colombia-truckers-strike

US Issues Security Warning Over Colombia Truckers Strike

July 18, 2016, Comments Off on US Issues Security Warning Over Colombia Truckers Strike
Party in Colombia