International meeting of investors to be held in Caraballeda, Venezuela
The event is part of the Investment Promotion Program which CAF is promoting jointly with UNIDO, and the cooperation of the European Economic Community.
The objective of the meeting is to establish joint ventures and other forms of business association, working on projects previously identified in the member countries of the Andean Group and promoted in the industrialized countries.
Working groups will analyze 139 projects from the industrial, agro-industrial and tourism sectors with investment of approximately US$1 billion. Distribution by country is as follows:
No. of projects | Investment (million US$) | |
Bolivia | 20 | 83 |
Colombia | 21 | 105 |
Ecuador | 28 | 183 |
Peru | 16 | 83 |
Venezuela | 46 | 510 |
964 |
The Andean countries have taken the necessary steps to generate the confidence that both local investors and investors from developed countries require, especially by adopting similar macroeconomic policies which include opening to foreign capital, tariff advantages and fiscal policies in line with the free market economy. The event is important because it will establish direct contacts between Andean businesses and their potential partners in the developed countries, which will have the opportunity to link their capital to very specific projects in the productive sectors of the five countries.
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