With this initiative both countries seek to establish a legal framework to promote investment with respect for international standards. This way, Colombia expects to increase the Asian investors’ trust.

Bogotá, April 21 (SP). The first round of negotiations for the Reciprocal Investment Promotion and Protection Agreement between Colombia and Japan will be held from April 21 to April 24.

According to that, the Colombian negotiation team will arrive to Tokyo this weekend, led by José Antonio Rivas, Director of Foreign Investment of the Ministry of Commerce, Industry and Tourism, and made up of representatives of the Ministries of Foreign Relations and Finance, the National Department of Planning and the Bank of the Republic.

Through this agreement, Japan and Colombia seek for the establishment of a legal framework to promote investment with respect for international standards, so our country can increase the Asian investors’ trust.

The beginning of the negotiations for the agreement is a result of multiple processes that included visits between both countries framed in the 100 year anniversary of bilateral relations, as well as some Japanese business missions to Colombia.

In addition, the Notables Group was created to present strategies to reinforce economic and commercial relations and binational investment for both governments.

The documents were handedin, on February 5th,  by the Ambassador of Colombia in Japan, Patricia Cárdenas and the President of Mitsubishi, Yorihiko Kojima to the Prime Minister of the Asian country, Taro Aso on February 5.