May 2024

Colombia Post-Colmotores GM: Challenges and Opportunities

Business Mail, AmCham Colombia
Daniel Fajardo Villada
Corporate attorney Daniel Fajardo wrote an article for AmCham Colombia's Business Mail magazine analyzing the challenges and opportunities for Colombia following the closure of the General Motors plant in the country. He highlights that General Motors' (GM) decision reflects a global trend in the automotive industry, where production is shifting to regions with lower costs, and underscores the intense competition Colombia faces because of free trade agreements with automotive powers. Mr. Fajardo emphasizes the need for Colombia to strengthen sectors where it has competitive advantages, as well as improve its infrastructure, industrial policy and technological capabilities, in order to attract investments that foster innovation and sustainable development.

READ: Colombia Post-Colmotores GM: Challenges and Opportunities

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