The last two weeks have demonstrated a remarkable shift in Colombian diplomacy under President Gustavo Petro. The nation has been at the forefront of interactions with the world’s leading powers, China and the USA, showcasing a strategic balancing act in global geopolitics. Multiple Agreements for Large Scale Cooperation with China In an official visit to […]
On October 25, 2023, in the Chinese capital city of Beijing, Colombian President Gustavo Francisco Petro Urrego and Chinese President Xi Jinping held several transformative discussions, aiming at solidifying the bilateral ties between their respective nations. The event marked a significant milestone in Colombia-China relations, symbolizing not just an extension of partnership but also a […]
In the dynamic setting of international relations, bilateral discussions between world leaders can establish new directions and meaningful shifts in the economic and political sphere. The recent trip of Gustavo Petro, President of Colombia, to the People’s Republic of China is a testament to the expectations and opportunities underlying the strengthening of ties between Latin […]
On October 18th, a landmark decision was made by the Biden administration: a temporary relief from sanctions on Venezuela’s oil, gold, and gas sectors. This decision, which will last at least six months, was a response to an agreement on Venezuela’s 2024 presidential elections, where the Venezuelan government and opposition reached consensus to include international […]
2023 will not be remembered as a standout year for the economy, neither Colombian nor global. However, Colombia sees hope on the horizon. Despite pessimistic forecasts from political factions opposed to the reformist policies of the new government, the International Monetary Fund (IMF) has positively updated its estimates. It now predicts that the Colombian economy […]
In a significant boost to the Colombian economy, exports to Mexico for the first half of 2023 recorded an impressive figure of USD 999.02 million. This marks a 26.13% surge in comparison to the same period in 2022 when the trade volume stood at USD 792.08 million. Delving deeper into the specifics, the non-mining and […]
Colombia, after dialogues with several major global economies, now turns its gaze eastward to China. With Gustavo Petro at the helm, the nation is carving a niche for itself on the international stage, representing the ambitions and aspirations of the Global South. The ultimate aim? To chart a course brimming with sustainable progress and innovation. […]
Renault takes a bold step by investing $100 million in Colombia, announcing that its popular Kwid model will be assembled in the South American nation. As the automotive industry becomes more competitive in Latin America, automotive giants are looking at Colombia as a potential production and export hub. Renault invests in Colombia’s future Automotive giant […]
Careful Evaluation of the First 10 Years of the FTA with the United States Colombia has reached the eleventh anniversary of its Free Trade Agreement (FTA) with the United States, and the balance is the subject of intense debate. Two articles from respected sources, one from Cedetrabajo and another from Razón Pública, offer contrasting perspectives […]
On July 31, 2023, President Gustavo Petro signed a decree declaring free access to all undergraduate programs in public universities in Colombia. This Law 2307 will need to be regulated by the Ministry of Education within a maximum period of six months and will be implemented progressively, taking into account the annual budget availability. The […]
