Business

Belfast-based OCO Global launches new Colombia office

Belfast-headquartered OCO Global has opened a new office in Bogota, Colombia
Gareth McKeown

A BELFAST-headquartered economic development company has launched a new office in Colombia, as it seeks to increase support to businesses and organisations exploring new markets in Latin America.

OCO Global, which has an established network of offices worldwide, has announced a new centre in Bogota and hopes to use it as a base to identify and unlock new opportunities in a region which is forecast to experience substantial growth in the next few years.

OCO is launching its Global Market Accelerator Programme (MAP), already operating in France, Germany and the United States, to provide market-entry and trade development support to its clients interested in expanding in Latin America. The company will also provide in-market consulting and training services.

OCO Global founder and CEO Mark O'Connell is excited by the new challenge.

“Latin America is an exciting emerging market that should not be neglected by economic development organisations looking for new trade opportunities or businesses looking to expand in new markets. Our specialist team on the ground will help our clients make the right connections and navigate these markets successfully.”

“The decision to base ourselves in Colombia is strategic as we believe the recently concluded peace process will create huge business opportunities related to infrastructure development, rural development and extractive industries in areas previously affected by the conflict," he said.

OCO Global joins more than 1,100 foreign companies that have arrived in Colombia during the last five years.

Director of OCO Global Latin America, Sergio Barraza added: “The picking up of global trade volumes, recovery of commodity prices and boost in domestic demand will have a positive impact in the economic growth in Latin America in coming years. This will create further trade and investment opportunities for both SMEs and mid-cap companies."

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