France to invest in Colombia

Regulation & Policy    Nov 8, 2021 4:26 PM

President Ivan Duque met with French President Emmanuel Macron, announcing French investments in Colombia.

Duque announced that French companies will invest more than US$2.3B in the country, confirming the bilateral relationship between the two nations, La Republica reported.

“We are at our highest point of relations, expressed in investment. We will meet with the French Business Council where we are going to realize more than US$2.3B of investment in our country, which is an important milestone,” Duque highlighted.

The sectors that will attract investment from France to Colombia are technology, infrastructure, energy and environment, among others.

“France is also supporting us in our energy transition strategy. There are companies that are bringing solar and wind energy to our country and there is interest in green hydrogen. France has also been an ally in ocean conservation,” Duque said.

French President Emmanuel Macron highlighted that Colombia and France also share initiatives such as reaching carbon neutrality by the year 2050 as embodied in the COP26, in Glasgow.

“We have common goals. I was pleased to learn that Colombia wants to achieve carbon neutrality by 2050 and for this they have developed a strategy that we have been working on together,” Macron said.

Bottom-Line: France becomes a great ally to help Colombia in the energy transition process. However, it could be interesting to receive help in community relations and agile licensing…

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