Fenalco survey reveals that the business climate in Colombia “continues to worsen”

The Government of Gustavo Petro has moved the waters of commerce in its first two years of Government. According to the recent survey by the National Federation of Business Merchants (Fenalco) The business climate in the country “continues to worsen.”

“Increased taxes, insecurity and lack of stability in regulations became the three main factors slowing down investment decisions by traders,” detailed the president of the organization, Jaime Cabal, within the framework of the National Congress of Business Owners that took place this Friday in Barranquilla.

In the opinion of the majority of businessmen consulted by the organization, the three actions that the government must carry out so that business activity and the economy in general recover immediately are: improving security, design and concerted execution of a reactivation plan. and not present more
tax reforms.

About this, Cabal referred, who pointed out ““The growing insecurity, the overwhelming extortion and the uncertainty generated by a new tax reform in process” are the problems that afflict the Colombian business community.

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In this sense, the document highlights that the investment plans of Colombian businessmen have slowed down and that the prospect of increasing the number of employees in the private sector is negative.

“Definitely, the business climate has not improved and business expectations continue at critical levels,” noted Cabal, who highlighted – with concern – that the survey revealed that “60% of those consulted admitted that in the last two years they have contemplated the possibility of leaving the country. 40% responded negatively.”

The businessman emphasized that the main problem that afflicts businessmen is “the uncertainty around the reforms being discussed in congress, with 20%. “This problem was not mentioned two years ago.”.

“Despite the great prevailing uncertainty and the absence of an authentic consultation process between the government and the private sector, we keep faith alive in our Colombia and we remain firmly convinced that together we can build a better future for the country,” he concluded. the union leader.

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