The U.S. Chamber of Commerce and the National Business Association of Colombia Celebrate Their 5th Annual U.S.-Colombia Business Summit Virtually
Business leaders and government delegates gathered to celebrate the successful business relationship and deepen the strategic alliance between the two countries
Washington, November 19, 2021. The U.S. Chamber of Commerce and the National Business Association of Colombia (ANDI) met Nov. 17 as part of the fifth annual U.S.-Colombia Business Summit to strengthen cooperation between the sectors American and Colombian private sector, expand trade and economic relations and deepen dialogue with the American and Colombian governments.
The meeting brought together Colombian President Iván Duque Márquez and delegates from both governments who, together with business leaders, discussed issues of utmost importance to the bilateral relationship, such as trade and investment and the priorities policies related to sustainability and climate, digital trade and infrastructure. President Duque, proposed that “the relationship between the United States and Colombia can be advanced under the concept of ‘sustainability’, whereby by emphasizing sustainability and technology, Colombia can be a great ally in the US Build Back Better World (B3W) initiative.” The President said that “this concept will allow us to respond to the needs of climate change, diversity, [and] the circular economy; be more competitive; [and] provide an environment that ensures the economic sustainability of both nations. The role of the US-Colombia Business Council is fundamental to achieving these goals and ensuring ongoing public-private dialogue in the process.”
On this occasion, business leaders from Colombia and the United States made recommendations to the governments with the aim of overcoming the obstacles that limit business between the two nations in order to continue promoting post-pandemic economic reactivation.
During the meeting, Myron Brilliant, Executive Vice President and Head of International Affairs at the U.S. Chamber of Commerce, said, “The business community is committed to contributing to a sustainable economic recovery through closer commercial ties between the United States and Colombia. Today’s summit allowed us to advance our public-private dialogue on the digital economy, infrastructure and sustainability, with a vision to strategically develop bilateral relations.
For his part, the President of the National Business Association of Colombia, Mr. Bruce Mac Master, said that “Colombia is already showing very positive figures in its economic recovery, with GDP growing by 13.2% from July to September and, so far this year, 10.3%.” He also said that “the close relationship between the two countries has been behind these advances, for example, support for the vaccination process and tools such as the trade promotion agreement between the United States and the Colombia (TPA), which has stimulated non-traditional exports and the arrival of investors from the United States in our country.”
At the same time, Mr. Cesar Caicedo, CEO of Colombina and President of the US-Colombia Business Summit, pointed out that “Colombia and the United States have great potential to lead the conversation on regional integration between partners who share the same values and the United States and Colombia. The Business Council is a mechanism that can promote strategic, systematic and long-term activities with governments to promote social development.
Mr. Mauricio Ramos, CEO of Millicom and Chairman of the US-Colombia Business Council, also referenced the bilateral relationship, saying, “This relationship has been underpinned by strong bipartisan support and the successful initiatives that we all know well, such as that Plan Colombia and a historic trade agreement. And, today, that relationship, just to be measured in economic terms, is worth more than $40 billion a year in bilateral trade.
Looking ahead to 2022, when the two countries will celebrate 200 years of bilateral relations, the U.S.-Colombian Business Council positions itself as a strategic mechanism to maintain a vibrant public-private relationship that fosters sustained growth for mutual benefit.
The U.S.-Colombia Business Summit was created in 2016 by the U.S. Chamber of Commerce and the National Business Association of Colombia to convene a high-level meeting between U.S. and Colombian leaders from the public and private sector in order to strengthen the commercial bridge that exists between the two countries. The Summit serves as a platform to discuss policy priorities, identify areas of collaboration and share best practices. The US and Colombian governments see the US-Colombian Business Summit as an important way to expand and strengthen bilateral relations.
The United States Chamber of Commerce is the world’s largest business organization representing businesses of all sizes in all sectors of the economy. Our members range from small businesses and local chambers of commerce that line America’s main streets to major industry associations and large corporations.
They all share one thing: they look to the United States House to be their voice in Washington, across the country, and around the world. For more than 100 years, we’ve advocated for business-friendly policies that help businesses create jobs and grow our economy.
The National Business Association of Colombia (ANDI) is an association that brings together more than 1,300 companies from sectors such as industry, finance, agro-industry, food, commerce and services, among others.