Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, if he will publish a full impact assessment of the UK–Colombia Bilateral Investment Treaty.

Total FDI and portfolio investment assets and liabilities between the UK and Colombia were £6.8 billion at the end of 2023. The UK-Colombia Bilateral Investment Treaty (BIT) includes binding investment protection provisions which protect both UK and Colombian investors against unfair and discriminatory treatment, and expropriation without adequate compensation.

These commitments do not remove a government’s right to regulate in the public interest, nor its obligations to comply with other commitments.