Evolution of Foreign Trade

Good News from Bogotá

• Bogotá climbed seven places in StartupBlink's Global Startup Ecosystem Index 2022. The most complete annual index of the global startup economy announced that Bogotá moved from position 77 to 70 worldwide and ranked fourth among cities in South America. For more information, please visit the following link.

• Bogotá was selected as one of the five most recommended Latin American capitals to invest in, according to the most recent edition of “Best to Invest”, a publication from Site Selection magazine. For more information, please visit the following link.

• Our country's capital climbed 22 positions in the Global Financial Centres Index, a biannual ranking considered one of the main references for public policy decision-makers and investors. For more information, please visit the following link.

• The Chinese biopharmaceutical company Sinovac will begin constructing a vaccine production plant in Bogotá.

Weining Meng, Vice President of Sinovac Biotech (Hong Kong) Ltd., explained that construction would be divided into three sub-projects. The first stage will be focused on filling and packaging and will start in 2023. For more information, please visit the following link.

• According to Invest in Bogotá, new and extended Foreign Direct Investment (FDI) in the capital exceeded USD 1.55 billion through 115 projects in 2021. This is equivalent to a 78% growth when compared to 2020. The sectors that most attracted FDI during 2021 from the Bogotá Region were software development, IT and service outsourcing (26%), communications (16%), corporate services (8%), consumer products (7%), and leisure entertainment (7%). For more information, please visit the following link.

• The fifth edition of Bogotá Fashion Week, organized by the Bogotá Chamber of Commerce, was held from May 19 to 21. This event brings together more than 100 brands and designers and multiple national and international players from the fashion sector to promote our entrepreneurs´ creative talent. The event drew in more than 19,000 people, more than 400 business meetings were held, and deals worth more than US $2.5 million were generated. For more information, please visit the following link.