According to the foreign investment promotion agency, Procolombia, foreign direct investment is expected to increase by 23% to $ 10 billion in 2021. Today, oil and coal account for the majority of the nation's FDI.
The Minister of agriculture expects agroindustrial exports worth $ 8.524 billion next year, of which $ 3 billion are expected from non-traditional goods. The latter includes those goods with the largest export increase in 2020: live cattle (+157.8%), bovine meat (+70.3%), Hass avocado(+69.8%) tilapia (+65.1%) and rice (+31,175%)
According to Campetrol, the number of active drilling rigs increased from 99 to 104 between January and February. More drills than the official estimation. This recent increase is associated with the recent rise in oil price, indicated Campetrol.
According to an executive order's draft released by the Ministry of Commerce, textile imports with a value up to $10 per kilo will have a 40% tariff and, higher than $10, will get 55%. However, critics have risen as it might increase smuggling and informal sales.
The ministry of finance forecasts that deficit will increase to 8.6% of GDP in 2021. This is 3.5 percentage points higher than this year's fiscal rule parameter ( 5.1% of GDP). For this reason, different former ministers have suggested suspending the budgetary rule at least for one year.