It’s been a long time coming. Spain and Colombia, two territories offering some of the most enticing location incentives in their respective regions, have inked an historical co-production treaty.

Through this treaty, unveiled July 15 during the Bogota Audiovisual Market (Bam), producers from both countries will be joining forces, combining financial, technical and artistic resources to create joint audiovisual productions.

According to Diana Díaz, director of audiovisual, film & interactive media of Colombia’s Ministry of Culture, it indeed marks the first time Colombia has signed a bilateral co-production agreement with Spain. However, both countries are also signatories of the Ibero-American co-production agreement,…