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Austrade office and consulate-general to open in Colombia

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Australia will open a new Austrade office and consulate-general in the South American country of Colombia next year. "The decision follows improvements in business conditions and increasing levels of foreign direct investment in response to the Colombian Government’s economic reform agenda," Trade Minister Craig Emerson explained. The decision is in line with the restructure of Austrade which will see more government resources deployed in emerging markets. Australian activity in Colombia has been growing steadily, led by companies in the resources, engineering and education sectors, Emerson said. "Colombia’s large domestic market and expanding economic integration in the region means it also offers opportunities for Australian enterprises beyond these existing industries, including in infrastructure and professional services," he added. The new office will expand the capacity of Australian trade officials to offer advice on trading in the growth markets of Latin America. For several years, a locally-employed business adviser has represented Austrade. The new office and consulate-general represents a far-reaching expansion of the agency’s trade, investment and education promotion activities in Colombia and Latin America.

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