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Almost 40% of Colombia’s exports of non-mining goods were destined for Latin America and The Caribbean in September

The registration to the V Pacific Alliance Private Equity and Venture Capital Summit is now open

Despite travel fears, ColCapital's Private Equity Congress of The Pacific Alliance was at capacity attendance last week, taking place in Bogotá's Club El Nogal.

In April, Colombia, Brazil, Argentina, and others suspended their membership in an organization facing leadership issues and no consensus regarding relations with Venezuela.

The agreement intends to give Colombian companies the same access conditions as local firms to the markets of Brazil, Argentina, Uruguay, and Paraguay.

Canada, Australia, Singapore, and New Zealand have been negotiating to become an associate member, a goal also shared by South Korea.

The group says that 2018 will be “a year that will likely prove decisive for the region."

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

The proposed reforms will aim to solidify macroeconomic stability, boost development, encourage public/private partnerships, strengthen regulation, and promote financial inclusion.

With Mexican pension funds now subject a 0% tax rate, Colombia's finance minister expects the incentive to "attract new resources to finance companies and projects" in the country.