The review proposes ways to strengthen the government´s investment promotion arm, Proexport, as well as enhance policies to attract more technology-driven firms to its growing knowledge-based economy. While praising the government for its market reforms, the review notes that investors are concerned by a number of contradictory fiscal measures and the difficulty of resorting to international arbitration in case of disputes. The review urges the government to extend its network of bilateral investment treaties and double taxation agreements to fully tap market opportunities offered by the bilateral trade agreement with the United States. It also encourages the government to begin negotiations with the European Union.
Following the completion of the IPR, UNCTAD has assisted the Government in a number of ways. It has
carried out a training workshop on the methodology of FDI data collection and analysis, including support in the preparation of a national investment survey;
supported national regulatory reforms;
assisted the Government in the drafting of a new Investment Code;
trained government officials on key issues in international investment agreements
08 Mar 06 - Colombia´s knowledge economy needs high-technology investment