Peace, fiscal reform would help Colombia draw investors: U.S. official - Reuters

Reuters

Reuters

Colombia would attract more investment from U.S. companies if it ends a five-decade war and solves fiscal challenges, U.S. Commerce Secretary Penny Pritzker said on Thursday, amid concern from investors about tax reform and a failed peace referendum.

The Andean country is already an attractive market for U.S. companies, Pritzker told Reuters during a visit to meet President Juan Manuel Santos and business leaders, but investment would be bolstered if fiscal changes are made, peace with Marxist rebels is reached and legal issues like pharmaceutical regulations are clarified.

"It's a market U.S. companies want to invest it, they like it, but they're very concerned right now with the uncertainty given these number of issues that we've raised," Pritzker said in an interview in Bogota.

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