EconomyFinancialCompanies from Virginia, the United States, and Colombia on...

Companies from Virginia, the United States, and Colombia on a trade mission

There will be more than 60 virtual meetings between May 24 and 28 of companies in sectors such as defense, technology, construction, heavy machinery and pharmaceuticals.

In the midst of the country’s difficulties in terms of the dynamism of the economy, the Colombian American Chamber of Commerce, AmCham Colombia, in alliance with Virginia’s International Trade and Investment Promotion Agency of the Virginia Economic Development organize from May 24 to 28, at least 60 virtual meetings in order to finalize business.

At least eight companies from the state of Virginia in the United States will be present at the commercial event, with the aim of strengthening commercial, tourism and investment opportunities with Colombian companies.

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The executive director of AmCham Colombia, María Claudia Lacouture, pointed out that the companies belong to the defense, software and technology, cybersecurity, construction, heavy machinery and pharmaceutical sectors.

It is planned to hold more than 60 virtual meetings with potential companies and official Colombian institutions.

María Claudia Lacouture said that this commercial mission is part of the “Business USA 2021” plan that the Chamber activated this year to promote the commercial reactivation between Colombia and the United States, which is made up of more than 20 commercial events that include business weeks between Colombia and different US states.

The press report of the business association recalls that , in 2020, Colombian exports to Virginia were US $ 124.3 million and, in the last nine years, this state has remained in the top 15 of the main US destinations of the Colombian exports, according to data from the US Census Bureau.

According to AmCham Colombia, there are currently several national products that are on the Virginia market. 77.4% of the immature fresh cheese, including whey cheese, imported by Virginia in 2020 is of Colombian origin; 44.6% of the coffee varieties that enter that state are Colombian and 36.6% of the natural bituminous asphalt that Virginia buys is also from Colombian companies.

The press report states that, last year, coffee, in different types, was Virginia’s main non-mining energy import from Colombia. Also, plastics and their manufactures, cement, various edible preparations and textiles were part of the top ten Colombian imports from that state in 2020.

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Similarly, a variety of products were imported from Virginia. In 2020, that state sold US $ 149.3 million of products to our country and has been a constant exporter, an average of US $ 157.1 million to Colombia, in the last nine years.

“Our country can be an important supplier for Virginia, since that state imported 81 of the 108 items in the world that AmCham Colombia identified two years ago as products with opportunity,” said María Claudia Lacouture.

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