Colombia seeks to lure companies in China decoupling move

© Ognjen Stevanovic

When one door closes, another opens… While US companies so far do not seem to be overly concerned by the Trump administration’s efforts at moving businesses away from China, Colombia has seen an opportunity.

It is offering tax incentives and facilitating investment for foreign companies, part of a bigger plan to attract $11.5bn in non-hydrocarbon foreign direct investment by 2022. The country’s commerce and industry minister said its 17 free-trade agreements would help the country become an export hub, reports Bloomberg.