Israel, Colombia Launch Free Trade Agreement

August 13, 2020
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Colombian President Ivan Duque

Thursday, 13 August 2020 | Prime Minister Benjamin Netanyahu and Colombian President Ivan Duque yesterday in a joint videoconference launched the free trade agreement between Israel and Colombia. Prime Minister Netanyahu also commended Colombian President Duque for opening an innovation office in Jerusalem.

Prime Minister Netanyahu said: “This is a historic moment in the relationship between the State of Israel and the Republic of Colombia because we celebrate two important events today. The first is the final ratification of the agreement on a free trade zone, a free trade agreement between our two countries, and in addition, the Colombian announcement…to open an innovation representative office in Jerusalem, the capital of Israel.

“These decisions create a platform of cooperation between us that will bring our partnership, our friendship, our brotherhood—as you said—to new political and economic levels.

“Israel is a hub of global innovation. Colombia is one of the strongest economies in Latin America. It has a strong academic base, a strong scientific base, and I think that cooperating, the cooperation between us will make both of us stronger. We also have a strong partnership on security as well. Ivan, your leadership in the fight against terrorism sets an example for the rest of Latin America.”

Prime Minister Netanyahu and Colombian President Duque declared the end of the ratification process for the free trade agreement between Israel and Colombia. This is a pioneering agreement with the third largest economy in Latin America. Signing the agreement will create opportunities for the Israeli economy in various fields, including agriculture, technology and medicine.

Colombian President Duque emphasized that he would open an innovation office in Jerusalem, close to the Israel Innovation Authority, and stressed that Colombia aspires to develop innovation at home inspired by the Israeli experience.

Prime Minister Netanyahu welcomed the ratification of the free trade agreement and the fact that Colombia was joining a series of nations that—since the US decision to transfer its embassy to Jerusalem—have decided to open official offices in the capital.

Prime Minister Netanyahu will continue to work toward the goal of encouraging additional countries to open representations in Jerusalem.

Posted on August 13, 2020

Source: (This press release was originally published by the Prime Minister’s Office on August 10, 2020. Time-related language has been modified to reflect our publication today.)

Photo Credit: U.S. Department of State/

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