Colombia becomes a more competitive exporter by adopting new technologies

Americas Now

According to financial experts Colombia is a country with great potential for international investment. But for decades Colombia’s reputation was tarnished by the armed conflict and narco-trafficking.

Over the years, the South American nation made important economic adjustments, including multiple trade agreements. This helped bring more business to the country.

Correspondent Michelle Begue reports.

President Duque wants to increase foreign investment in his country. This means improving technology and productivity in industry in order to be competitive.

Recent global rankings, including the World Bank’s “Doing Business Report” and the Global Competitiveness Index, have listed Colombia in the top five Latin American economies. But business owners and economists say Colombia still has a lot of challenges ahead to remain competitive.