Question to the Foreign, Commonwealth & Development Office:
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what recent discussions he has had with his counterpart in Colombia on the potential renewal of the UK-Colombia Bilateral Investment Treaty.
The Government has not been formally approached by the Colombian government about proposals to amend the UK-Colombia Bilateral Investment Treaty (BIT). The Government regards the UK-Colombia BIT as playing an important role in the investment relationship between our two countries. The stock of total investment between the UK and Colombia was £6.8 billion in 2023. Following the UK-Colombia BIT's initial ten-year term, in accordance with the treaty's provisions, it shall remain in force indefinitely unless it is terminated by either Party.