Representatives of Colombia and Japan have agreed to establish a permanent working group to advance common interests in trade, investment, and cooperation in the “Orange economy.”
The effort was agreed upon during a meeting between Colombian vice minister of trade Laura Valdivieso Jiménez and Japanese vice minister of the Economy trade & Industry Hirofumi Takinami. Takinami said that Japanese entrepreneurs are interested in infrastructure and technology projects, and that Colombia is Japan’s main target for investment in the Andean region. In 2018, Japanese investment in Colombia reached $68.4 million USD, said Takinami.
In commercial matters, there are enormous possibilities to expand bilateral trade, said Valdivieso. In the first half of 2019 she said that bilateral trade between the two countries has already reached $799.3 million USD, including $217.5 million in exports.