Colombia is experiencing a key moment in its foreign trade. In the first months of 2025, non-mining-energy exports, especially agricultural ones, have registered remarkable growth, while Gustavo Petro’s government seeks to diversify its markets and reduce the historical dependence on fossil fuels. Additionally, the application to join the BRICS New Development Bank and closer ties […]
After two years of uncertainty and complex political, economic, and social processes, indicators show the first results of economic reactivation under President Gustavo Petro’s government. The Colombian economy grew by 3.68% in July 2024 compared to the same month of the previous year, according to the Economic Monitoring Index (ISE) from DANE. This growth marks […]
In April 2024, the Colombian economy registered a notable growth of 5.5%, according to the recent report from the National Administrative Department of Statistics (Dane). This increase is mainly attributed to the dynamism of the agricultural and mining sectors. After two years of uncertainty caused by the ambitious reindustrialization and decarbonization plan defined in the [...]
On April 23, 2024, Colombia and the United Kingdom signed a strategic agreement known as the Energy Transition Action Plan (ETAP). This pact aims to promote the development of renewable energy sources and facilitate a sustainable energy transition in Colombia. The collaboration brings together a diversity of low-carbon technologies and projects aimed at reducing dependence […]
In another historic event for the bilateral relations between Colombia and the United Arab Emirates, both countries have signed the Comprehensive Economic Partnership Agreement (CEPA), the first of its kind that Colombia has signed with an Arab country. The Minister of Commerce, Industry and Tourism of Colombia, Germán Umaña Mendoza, and his Emirati counterpart, Thani […]
One of the main promises of President Gustavo Petro, is to design policies directed at attracting investments in other productive activities, not related to the extractive industry, like oil and mining. So it’s no accident to see, the tendency registered after one year of government is promising, where some Colombian industries evidenced a notable advance […]
Dubai-based airline Emirates has announced its intention to launch flights to Bogotá, Colombia, via Miami starting in June 2024. This announcement marks a significant moment in Colombian aviation as the Civil Aviation Authority of Colombia (Aerocivil) is expected to initiate an approval process for this new route. Emirates’ proposal to operate the route with Boeing […]
At the beginning of 2023, global and regional economic forecasts were quite bleak, especially for Colombia, which had just elected its first progressive left-wing government. However, recent figures from DANE indicate that Colombia managed to navigate through 2023, keeping the economy running during the first full year of the new government. Colombia's economic growth in [...]
Amidst a rapidly transforming global geopolitical landscape, Colombia faces significant economic challenges, characterized by low value-added generation and poor productivity performance. In recent decades, the country has experienced a setback in its industrial sector and a very incipient development in services based on innovation and knowledge. This situation is exacerbated by the high dependence on […]
Fitch Ratings has reaffirmed Colombia’s long-term foreign currency debt rating at ‘BB+’, with a stable outlook. This announcement, made on December 7, 2023, reflects the strength of Colombia’s credit fundamentals, characterized by a history of macroeconomic and financial stability. Despite ongoing fiscal challenges and dependence on commodities, Colombia maintains an environment conducive to investment. The […]
