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The largest cause of the decline was a prolonged strike this fall by more than half of the Colombian pilots working for Avianca.

Looking further ahead, the World Bank has forecast Colombian GDP to increase by 3.4% in both 2019 and 2020.

While nearly all of its properties opened in 2017 were in Mexico, its largest new location is the 140-room City Express Plus in Medellín.

Eduardo Almeida says that, in Rionegro, "we are expanding based on the contracts we have closed recently with some customers."

"Fintech investments are on the rise in Latin America, growing 31%, in terms of dollars, and 81%, in terms of deal count, in 2016."

The two state oil companies have already partnered to look for resources off the coast of Mexico.

For Canada, Colombia represents the smallest partner of the four nations at just $1.2 billion USD in trade last year.

"We have a lot of noise in Colombia — I think it will explode in the next 24 months," says Raúl Rodríguez of NICE Systems.

"We are very pleased with the arrival in Mexico, a new milestone in the history of Ecopetrol," said company president Felipe Bayón Pardo.

New rules governing the importation of Hass avocados from Colombia into the United States took effect yesterday, marking a new era for Colombian growers. Now, avocado farmers in the country can officially apply for permits from the U.S. Department of Agriculture that would allow...