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 […]
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. […]
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 […]
The Vice President of Colombia, Francia Márquez, recently unveiled the program ‘She Exports to Africa’, a collaboration between the Colombian government and the Women Entrepreneur Fund. This initiative aims to boost the country’s exports to the African continent while simultaneously strengthening the economic autonomy of Colombian women. With enthusiasm, Márquez stated that 30 businesswomen from […]
A landmark trade mission is set to unfold as 20 Black entrepreneurs from metro Atlanta prepare to travel to Colombia next week. This initiative, announced on Tuesday, marks the first of its kind, focusing specifically on Afro-descendant business leaders and entrepreneurs. The selected individuals for the mission are members of the Atlanta Black Chambers and […]
In the world of finance, currency fluctuations can have a significant impact on a country’s economy. Over the past year, the Colombian Peso (COP) faced a major challenge when it surpassed the barrier of 5,100 pesos against the US dollar, causing concern in various sectors. However, in a surprising turn of events, the Colombian peso […]
In the past two years, Swedish companies have shown a growing interest in Colombia as an investment destination. About 100 Swedish companies have established a presence in the country across various sectors ranging from fashion to vehicles. Notably, these companies have invested a total of $1.7 billion, approximately 10% of the foreign direct investment received […]
On April 17th, Colombia and the United States took a historic step by signing a Mutual Recognition Agreement (MRA) between their respective Authorized Economic Operator (AEO) programs in Colombia and the Customs Trade Partnership Against Terrorism (CTPAT) in the United States. This agreement, which was signed in record time according to the National Association of […]
A new era for diplomacy and commerce between Colombia and Africa has begun Despite the unfortunate bias reflected in some Colombian private media, casting a negative shadow on Vice President Francia Marquez's Diplomatic Tour of Africa, a closer look reveals why this official visit has been an astute strategic move. The reluctance of Colombia to [...]
