Colombia's new oil

Colombia's new oil

Economy & Policy Features Colombia

“Tourism has to be Colombia’s new oil and Cartagena its epicenter,” President Iván Duque recently tweeted, underscoring his desire to bolster visitor numbers after a recent peace deal lifted the country’s global image. Duque, who took office in early August, has vowed to more than double last year’s GDP to over 4% annually during his four-year tenure. “Today tourism represents 1.8% of GDP. We want to raise it to 3%,” says José Manuel Restrepo, the new minister of Commerce, Industry and Tourism. Restrepo says his team will hammer out policies to grow international and local visitor rates to the nation’s key sites, vowing to define a strategy for each of the tourism corridors in order to att

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