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Peru and the UK Sign Reconstruction Agreement

Peru and the UK Sign Reconstruction Agreement

In June 2020, the UK government won Peru’s bid for the “Integral plan for the reconstruction of the damaged infrastructure of the Northern regions of Peru affected by floods in 2017", also called the Reconstruction Agreement or Programme. This government-to-government agreement involves the reconstruction of Peruvian infrastructure and the construction of preventative measures against natural disasters. Parties involved in the Peru-UK Reconstruction Agreement The Reconstruction Agreement involves an investment of approximately US$2.020 billion. The Reconstruction Agreement was signed on 22 June 2020, between the Peruvian government, represented by the Authority for Reconstruction with Changes (ARCC), and the UK government, represented by the Department for International Trade (DIT). The investment is worth S/7 billion (approximately US$2.020 billion) and will last for 2 years, with allowance for a third year. The project will be carried out by 3 companies forming the UK Delivery Team: Mace Limited, Arup Limited and Gleeds International Limited. The Peru-UK partnership is an enduring one. The UK was Peru’s lead partner while delivering the Lima 2019 Games, the fourth largest sports event in the world. Following the success of this partnership, the Reconstruction Agreement only further strengthens these regional commitments. Reconstruction projects The 2017 Coastal El Niño is a natural disaster that severely affected many Peruvian regions. Heavy rains, landslides, and floods destroyed infrastructure and crops, leaving people homeless. The Peru-UK Reconstruction Agreement...

BritCham Colombia’s Michael Phillips Talks Business for Brits in Colombia

BritCham Colombia’s Michael Phillips Talks Business for Brits in Colombia

Colombia is fast becoming an economy to watch in Latin America, for its booming commercial climate and regulatory benefits designed to draw in new investment and business. Additionally, its proactive approach to forming new trade relations with the rest of the world is increasing the country's attractiveness to companies looking to expand into Latin America. We got in touch with our British Chamber of Commerce here in Colombia to talk to their Subdirector, Michael Phillips about British business opportunities in the country. Michael has a UK background but has been working here in Colombia since 2013. In a Q&A with Biz Latin Hub team member Ollie Farr, Michael provides us with insight and knowledge on the inner workings of BritCham Colombia, and some tips for British companies doing business in Colombia. BritCham Colombia talks with Biz Latin Hub Can you tell us a little about your background and how it led to your role at BritCham in Colombia? I came to Colombia in 2012 after doing 6 months as an exchange student in the Universidad de Los Andes in 2010. I started at a British university agency and in 2013, I started working with Biz Latin Hub directors, David Wright, and Craig Dempsey at Foresight Consulting. In January 2015, I got a job in the visa department in the British Embassy in Bogota, which allowed me to better understand government, and the civil service, before joining UK Colombia Trade, the official British Chamber of Commerce in March 2017 as Business Development Manager. Previously, there were two British chambers of commerce running simultaneously in...

UK Trade & Investment in Mexico – What are the Opportunities?

UK Trade & Investment in Mexico – What are the Opportunities?

As the world is changing faster than it has ever before, you may be wondering where the best place to invest in is. Lately, a lot of attention has been paid to Mexico City when it comes to business opportunities. Well, there are a few reasons for that, which may appeal to you if you are a British entrepreneur seeking for a new investment El Dorado. Genuine Strong and Stable Trade and Investment Lie Ahead Between Mexico and the UK. Due to the geopolitical changes over the past year, there will be very promising opportunities for British investors in Mexico. After the eventful past year, marked by both the vote of Brexit in Europe and that of President Donald J. Trump in the U.S., trade deals are undoubtedly going to be reshaped.   These changes are not necessarily for the worse, particularly in the case of Mexico. On July 27th, International Trade Secretary Dr. Liam Fox visited Mexico City to meet with his Mexican counterparts, promising changes emanated from their meeting. After their conversation, Fox declared that the previous trade deal the UK had as part of the EU would be maintained, if not improved, by the time the UK leaves the union in late March 2019. In 2016, the UK was already Mexico’s fifth largest trade partner within the EU. According to the economy ministry, the bilateral trade reached up to $5.36 billion that year. Strengthening the economic ties is in both the UK and Mexico’s interests. Indeed Mexicans also have to rethink their trade politics after President Trump’s campaign promised to ditch NAFTA (North American Free Trade Agreement). Trump often...

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