Colombia: Trade Agreements
The question
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what recent discussions he has had with his counterpart in Colombia on the potential renewal of the UK-Colombia Bilateral Investment Treaty.
Answered by Catherine West
The Government has not been formally approached by the Colombian government about proposals to amend the UK-Colombia Bilateral Investment Treaty (BIT). The Government regards the UK-Colombia BIT as playing an important role in the investment relationship between our two countries. The stock of total investment between the UK and Colombia was £6.8 billion in 2023. Following the UK-Colombia BIT's initial ten-year term, in accordance with the treaty's provisions, it shall remain in force indefinitely unless it is terminated by either Party.
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