In a historic event for bilateral relations, Colombia and the European Union have announced the start of negotiations for the signing of a Collaboration and Cooperation Agreement. This bilateral political agreement promotes diplomatic relations to the level of a Strategic Alliance, marking a milestone in Colombian foreign policy. This process demonstrates the recognition of the […]
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 […]
One of the phrases that President Petro has repeated on several occasions is that “in Colombia, the government is not the same as power.” Power is held by a small group of companies and corporations for several decades now. And that small group of people who concentrate power and wealth in Colombia have last names […]
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. […]
In an unexpected decision that went unnoticed in Colombian media, the Chinese pharmaceutical company Sinovac changed its initial plans to establish a new plant in Latin America in the city of Antofagasta, Chile. In this article, we explore the reasons that led Sinovac to choose Colombia over Chile and analyze the implications this may have […]
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 […]
