Yara praises Colombian peace accord

Oslo—Yara International ASA on Sept. 21 praised a recent peace agreement between the government of Colombia and FARC (the Revolutionary Armed Forces of Colombia), a guerrilla movement active in the country for 52 years. Yara said agriculture and rural development are at the center of the peace agreement, and that the company is ready to actively support the government and other stakeholders contributing to its success. “We are investing more than US$100 million in Colombia, contributing to growing productivity and prosperity in the Colombian countryside,” said Yara President and CEO Svein Tore Holsether. Yara is a long-term investor in Colombia, and said it is the largest foreign investor in the country as of 2014 (US$425 million). The company said a third of its current investment is earmarked in the Valle del Cauca region, one of the areas most heavily affected by the conflict and with a great potential for sustainable agricultural growth.