A What has changed in Colombia is that investors have recovered confidence. In 2002 foreign direct investment represented 15% of gross national product. Now it is 28% of GNP. It is one of the most important increases [in FDI] in Latin America in the past five years. At the same time Colombia is undergoing an important process of technological renovation. Imports of capital goods have increased drastically. And growth is spread across all economic sectors, both traditional and non-traditional. In this way, the country has made a lot of progress.
A It would be very serious. [Not having the treaty] would be regrettable for the economy’s prospects in the medium- to long-term. The free trade agreement is crucial in terms of increasing investment, increasing employment and increasing our exports to the US.
