The Agency for Cooperation and Investment of Medellín and the Metropolitan Area – ACI Medellín attended the visit of Israel’s Ambassador Christian Cantor for three days, in order to present him the opportunities that the region has in terms of investment and cooperation.
Israel’s Ambassador Christian Marcos Cantor carried out a work agenda this week in Medellín.
In the meetings he held with the Medellín Mayor’s Office and the Antioquia Government, he spoke mainly about the investment possibilities that the region offers in innovation, technology, agribusiness and trade. Ambassador Cantor highlighted the Colombian economy and its export offer to Israel.
The Trade Agreement
The Free Trade Agreement (FTA) between Colombia and Israel entered into force on August 10th of this year, and it is, without a doubt, a tool to increase not only bilateral trade, but also investment.
Israel is one of the most innovative and dynamic economies in the Middle East, and a strategic ally for Colombia in diplomatic matters. In this context, the agreement with Israel is the first step in the consolidation of our commercial relations with the Middle East, a region with high purchasing power and an import orientation.
It is expected that this agreement, in addition to increasing trade and investment flows, will promote bilateral cooperation, the removal of non-tariff barriers and promote diplomatic relations between the two nations.
Cooperation with Israel
The Secretariat of Security and Coexistence of the Mayor’s Office of Medellín has had working meetings with the Government of Israel, specifically with the Ministry of Defense, in order to sign a Memorandum of Understanding on security matters.
Medellín and Antioquia are interested in sharing knowledge and promoting Israeli investment in digital innovation, sustainable development, infrastructure and logistics, agribusiness, technology and life sciences.