Latin American Chamber of Commerce, Singapore, and Asociación Hotelera de Colombia (Cotelco), forge stronger ties with the signing of a memorandum of understanding
Date: July 29, 2020
Latin American Chamber of Commerce, Singapore, and Asociación Hotelera de Colombia (Cotelco), forge stronger ties with the signing of a memorandum of understanding
SINGAPORE — The Latin American Chamber of Commerce Singapore (LatAmCham) and Asociación Hotelera de Colombia (Cotelco) have formalized their commitment to enhance bilateral cooperation through the signing of a Memorandum of Understanding (MOU). The signing ceremony took place on July 29th, 2020, in Singapore, marking a pivotal moment in the collaboration between these two influential organizations.
Representatives from LatAmCham, led by Angela Torres H., CEO & Founder of LatAmCham, and Asociación Hotelera de Colombia (Cotelco), represented by Gustavo Adolfo Toro Velásquez, President of Cotelco, gathered at the signing ceremony to solidify the partnership.
The MOU signifies a commitment to strengthen economic and trade relations between Singapore and Colombia, with a particular focus on fostering cooperation in the hospitality industry. Key components of the agreement include:
Market Access and Trade Facilitation: LatAmCham and Cotelco will collaborate to identify and explore avenues for expanding market access for Colombian hospitality companies in Singapore and the broader Southeast Asian region. Efforts will be made to streamline trade processes and facilitate the exchange of relevant market information.
Business Networking and Promotion: The agreement emphasizes the importance of creating opportunities for businesses from both regions to connect and collaborate. Joint initiatives such as trade missions, business forums, and promotional events will be organized to facilitate networking and partnership-building.
Research and Development: LatAmCham and Cotelco will explore collaborative efforts in research and development to enhance the quality and competitiveness of Colombian hospitality companies in the Singaporean market. This includes knowledge-sharing, technology transfer, and joint projects aimed at improving commercial practices.
The signing of the MOU between LatAmCham and Cotelco represents a significant step forward in fostering economic ties and promoting collaboration between Singapore and Colombia. Both organizations are committed to leveraging this partnership to create new opportunities for businesses and contribute to the growth of the fruit industry in the Southeast Asian region.
The Hotel and Tourism Association of Colombia – COTELCO is the leading ally that promotes the sustainable development of the regions of Colombia, through the representativeness of accommodation, lodging, and tourism establishments with standards of quality, competitiveness, knowledge, legal support, promotion, and management of sector information.