The national development Plan seeks to boost free zones to attract greater investment

“Strengthening the ZONA FRANCA DE OCCIDENTE is key to the use of investment, which is aimed at the current government.”

 

Colombia has been able to significantly increase both foreign and local investment flows in the last decade. One of the tools to achieve the above are the free zones, which the current national development plan seeks to enhance with the aim of promoting ambitious business projects of insertion into global value chains.

 

According to national planning, investment in technology and innovation, highly qualified employment generation, compliance with international quality standards and sophistication of the goods and services offered are some of the factors that will seek Improve so that the impact of free zones is greater.

 

“The above implies adapting the free zones instrument according to the country’s new reality and using it as an attraction to drive quality investment with gains in terms of business fabric productivity,” the entity established. Today Colombia is a much more interesting country for investors compared to the previous decade.

 

The current government seeks to take advantage of this investment-friendly climate to target ambitious targets, which go beyond the increase in amounts and are aimed at attracting quality investment. This means investment in projects that increase the productive efficiency of the companies via cost reduction.

 

Taken information: https://www.larepublica.co/especiales/zonas-francas-marzo-2019/el-plan-nacional-de-desarrollo-busca-potenciar-las-zonas-francas-para-atraer-mayor-inversion-2845077

 



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