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Each week we search for and select the most relevant news to share with you in this newsletter.
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March 19th, 2021

Investment opportunity: New competitive free trade zone regime

Colombia updated its free trade zones regime to increase the competitivity of this investment opportunity. Among others, it now allows three new activities for free trade zones, introduces the creation of a concertation committee to discuss key topics between the Government and the private sector, and it simplified procedures to declare a free trade zone.

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Beginning of Stage 2 of the National Vaccination Plan.

The Colombian Ministry of Health and Social Protection (Minsiterio de Salud y Protección Social) declared the initiation of stage 2 of the National Vaccination Plan against COVID-19 for the population between 60 and 79 years of age. This does not mean that vaccination for those over 80 years of age will be stopped; these people will continue to be vaccinated without any interruption.

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Key oil and gas player trusts Colombia’s fracking pilot project.

ExxonMobil submits proposal for Colombia fracking pilot project in the Valle Medio del Magdalena basin, the National Hydrocarbons Agency (Agencia Nacional de Hidrocarburos) said. Along with state own Ecopetrol, ExxonMobil becomes interested in Colombia’s progress in non-conventional fields.

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