{"id":14415,"date":"2022-12-16T13:35:00","date_gmt":"2022-12-16T13:35:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3967724_AE67724_0"},"modified":"2022-12-16T13:35:00","modified_gmt":"2022-12-16T13:35:00","slug":"bogota-colombias-capital-city-strengthens-business-ties-in-asia","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=14415","title":{"rendered":"Bogota, Colombia&#8217;s capital city strengthens business ties in Asia"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/en.prnasia.com\/prnasia.com-PC\/images\/logo-en-blue-in.png\" class=\"ff-og-image-inserted\"><\/div>\n<ul type=\"disc\">\n<li><i>Located in <span class=\"xn-location\">South America<\/span>, <span class=\"xn-location\">Colombia<\/span> offers great business opportunities, and with more than 11 million inhabitants, Bogot\u00e1, its capital city owes a strategic location, highly skilled, talented, and competitive workforce.<\/i><\/li>\n<li><i>Asian companies are very interested in Bogota-Region, especially for the development of professional services outsourcing projects.<\/i><\/li>\n<li><i>In the last decade, <span class=\"xn-location\">Bogota<\/span>-region has received 115 new and expansion FDI projects from <span class=\"xn-location\">Asia Pacific<\/span>, valued at <span class=\"xn-money\">USD 1,313 million<\/span>.<\/i><\/li>\n<\/ul>\n<p>BOGOT\u00c1, <span class=\"xn-location\">Colombia<\/span>, <span class=\"xn-chron\">Dec. 16, 2022<\/span> \/PRNewswire\/ &#8212; Representatives of <b>Invest in <span class=\"xn-location\">Bogota<\/span><\/b>, the <span class=\"xn-location\">Bogota<\/span> investment attraction agency are carrying out a promotion agenda in <span class=\"xn-location\">the Philippines<\/span>, with the aim of promoting the city among BPO companies with expansion interests in <span class=\"xn-location\">Latin America<\/span> for their nearshore operations in English and Spanish.<\/p>\n<p>During its foray into the Asian country, the promotional team has held meetings with key stakeholders, evaluated the roadmap of the BPO sector there, and learned about the challenges and needs that companies in that country have for their development. Isabella Mu\u00f1oz, executive director of Invest in <span class=\"xn-location\">Bogota<\/span>, indicates that <i>&#8220;the experience of <span class=\"xn-location\">the Philippines<\/span> provides us with relevant insights as a country and as a promotion agency, to identify where we want (and should) go in our exercise of intelligent specialization.&#8221;<\/i><\/p>\n<p><i>&#8220;Bogota-Region is clear about its opportunity to strengthen business with <span class=\"xn-location\">Asia<\/span>. In the last decade, it has received from <span class=\"xn-location\">Asia Pacific<\/span> 115 new and expansion foreign direct investment projects, valued at <span class=\"xn-money\">USD 1,313 million<\/span> and which have generated more than 8,300 jobs. These represent 8.7% of the total projects that have been carried out in the Bogota-Region,&#8221;<\/i>&nbsp;adds Mu\u00f1oz.<\/p>\n<p>The availability, quality and cost of labor, advances in terms of bilingualism and the strategic location have contributed to investors perceiving the region as an ideal destination for their service activities.&nbsp;<\/p>\n<p><b>Investments from <span class=\"xn-location\">Asia Pacific<\/span> &nbsp;<br \/><\/b>The city region concentrates 66.1% of the investment projects that <span class=\"xn-location\">Colombia<\/span> has received from <span class=\"xn-location\">Asia Pacific<\/span>. The corporate services sector was one with the largest number of <span class=\"xn-location\">Asia Pacific<\/span> projects carried out in the Bogot\u00e1 Region, concentrating 13.9%. It is a sector with great capacity to generate employment, it concentrated 24.1% of the jobs generated by FDI from this eastern region.&nbsp;&nbsp;<\/p>\n<p>Apart from corporate services, other relevant sectors in attracting FDI from <span class=\"xn-location\">Asia Pacific<\/span> are pharmaceuticals (12.2%), consumer products (11.3%), communications (9.6%), software and IT services (9, 6%), automotive (7.8%), financial services (6.1%) and others (29.6%).&nbsp;<\/p>\n<p><span class=\"xn-location\">China<\/span> is the main Asian investor in the Bogota-Region, with 32.2% of the projects. <span class=\"xn-location\">Japan<\/span> (20.9%), <span class=\"xn-location\">India<\/span> (16.5%), <span class=\"xn-location\">Australia<\/span> (11.3%) and Korea (10.4%) also stand out.<\/p>\n<p><b>Investments in BPO<br \/><\/b><span class=\"xn-location\">Colombia<\/span> and, above all, Bogot\u00e1 are important players in the global BPO industry. The country is the first destination in the region for the development of BPO operations according to the Offshore BPO Confidence Index 2021, and the third BPO market in <span class=\"xn-location\">Latin America<\/span> (13th worldwide) according to the Global Services Location Index 2021 report.<\/p>\n<p>During the last five years, the sector in <span class=\"xn-location\">Colombia<\/span> achieved an average annual growth of 16%, standing out as the fastest growing in the region. The attributes that <span class=\"xn-location\">Bogota<\/span> has for the provision of professional services make it the main BPO and KPO cluster in <span class=\"xn-location\">Colombia<\/span>, with 67% of the country&#8217;s income, 70% of operations and 69% of employment generated by this industry.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Located in South America, Colombia offers great business opportunities, and with more than 11 million inhabitants, Bogot\u00e1, its capital city owes a strategic location, highly skilled, talented, and competitive workforce. Asian companies are very interested in Bogota-Region, especially for the development of professional services outsourcing projects. In the last decade, Bogota-region has received 115 new [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-14415","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bogota, Colombia&#039;s capital city strengthens business ties in Asia - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=14415\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bogota, Colombia&#039;s capital city strengthens business ties in Asia - My Blog\" \/>\n<meta property=\"og:description\" content=\"Located in South America, Colombia offers great business opportunities, and with more than 11 million inhabitants, Bogot\u00e1, its capital city owes a strategic location, highly skilled, talented, and competitive workforce. Asian companies are very interested in Bogota-Region, especially for the development of professional services outsourcing projects. 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