Washington set to unveil strategic economic investment program in Columbia: Mauricio Claver-Carone

According to a senior official from the White House, next week Washington is set to unveil a major economic investment program with the Colombian government.

The move assumes significance since it underscores Washington’s drive to relocate supply chains that it depends on from China to locations closer to home, said the White House official.

“Colombia is primed to play a pioneering role in the Trump administration’s ‘Back to the Americas’ initiative,” said Mauricio Claver-Carone, U.S. President Donald Trump’s senior adviser on Latin America in an interview.

He also hinted at a rural development project worth billions of dollars, which will be funded, in part, by private investors.

The development comes at a time when there are simmering tensions between the United States and China over a wide spectrum of issues including gross violations of human rights in Xinjiang, source of the coronavirus pandemic and imposition of China’s draconian security law in Hong Kong.

The coronavirus pandemic which first emerged from Wuhan, China has ravaged the economies of most countries and has triggered recession in many economies.

The major economic investment program with the Colombian government will be unveiled during a “visit to the region by U.S. National Security Adviser Robert O’Brien, Admiral Craig Faller, commander of U.S. Southern Command, Adam Boehler, chief executive officer of the U.S. International Development Finance Corp (DFC), and himself,” said Claver-Carone.

He went on to add, “There’s huge corporate will and we want to take advantage of that”.

In April 2020, Colombia’s ambassador to the United States, Francisco Santos, had said, Columbia was in talks with several U.S. companies who were interested in relocating facilities there.

Security issues are likely to play key roles given that Colombia shares its border with Venezuela, a country that has been blacklisted by Washington.



Categories: Creativity, Economy & Finance, Entrepreneurship, Geopolitics, HR & Organization, Regulations & Legal, Strategy, Sustainability

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