US companies may delay Colombia investments over government comments, industry body says

STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBOGOTA - U.S companies operating in Colombia are not looking to pull out of the South American country, but comments and plans put forward by the government could see them postpone investment decisions, a business association said on Wednesday.

The situation is being watched closely by U.S companies, said Lorena Guarnizo, head of corporate matters for the industry group the Council of American Companies. Foreign direct investment in Colombia hit $8.53 billion between January and July, up 22.6% versus the year-earlier period, according to preliminary figures from Colombia's central bank.

But companies are trying to establish lines of communication with the Petro administration to work out where they can keep growing and investing, Triana added.

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