BOGOTA (Reuters) - Colombia's booming economy will post record foreign direct investment (FDI) and exports this year, Trade Minister Luis Guillermo Plata said on Friday.
Colombia expects to attract more than $10 billion in FDI this year versus $9.02 billion in 2007 and exports are seen shooting to $35 billion compared with $30 billion last year, Plata said at the Reuters Latin America Investment Summit.
U.S. President George W. Bush will likely submit a Colombian free trade deal to U.S. Congress next week, Plata added, even as labor groups oppose the deal on grounds that Colombia is not cracking down on right-wing militias that have murdered thousands of labor union members in the Andean country.
"It is very probable that in the coming week the proposal will be presented to Congress," he said.
(For summit blog: summitnotebook.reuters.com/)
(Reporting by Javier Mozzo and Hugh Bronstein; editing by Gary Crosse)
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