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 [...]
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 […]
Recent reports from respected global media outlets, such as The New York Times, indicate that the Panama Canal is experiencing a drought that has significantly impacted transoceanic trade. This situation has prompted the Colombian government, led by President Gustavo Petro, to reconsider an idea proposed several years ago by engineers: the creation of a "bypass" [...]
For 28 years, Colombia has been expressing its interest in joining the Asia-Pacific Economic Cooperation Forum (APEC). Despite repeated requests, the response had always been ignored until this year. In an unexpected turn, President Gustavo Petro was invited at the last minute to the APEC summit held in San Francisco, marking a significant diplomatic advance. […]
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 […]
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 […]
