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The Parliamentary Under-Secretary of State, Foreign, Commonwealth and Development Office (Baroness Chapman of Darlington) (Lab)

Speaking in the House of Lords on 20 January 2025

Debate

Colombia: Bilateral Investment Treaty

Contribution

My Lords, the Government value the UK/Colombia bilateral investment treaty in the investment relationship between our countries. The treaty covered £6.8 billion of bilateral investment in 2023. It provides greater certainty for investors through legally binding investment protection provisions, which ensure that both UK and Colombian investors are protected against unfair and discriminatory treatment and expropriation without adequate compensation.

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