Colombia’s Agriculture Minister Aims to Forge Closer Ties for Agricultural Products with China
Colombia’s Minister of Agriculture and Rural Development, Jhenifer Mojica, visited China to strengthen trade relations and diversify the destinations for Colombian agricultural and agro-industrial exports. Currently, 66% of exports in this sector are concentrated in the United States and Europe. The minister emphasized the importance of enhancing trade and diplomatic relations with Asia.
New Chinese Ambassador to Colombia: A strengthened link
On August 28th, Mr. Zhu Jingyang arrived in Bogotá, D.C. as the newly appointed Chinese ambassador to Colombia, marking the return of a high-ranking representative from the Asian country to Colombia after more than five months of interim leadership. The former ambassador, Lan Hu, bid farewell on March 24th in an event at the Chinese embassy in Bogotá and now serves as the Chinese ambassador to Venezuela.
China-Colombia Relations: China seeks to strengthen collaboration with Latin American country
As reported in the article by Sabinna Nicholls, China’s presence in Latin America’s economy has grown significantly in recent decades, with the country emerging as a major player. In just one year, China’s direct investment in Colombia tripled, going from USD $84 million in 2021 to USD $266 million by the end of 2022, as reported by the Banco de la República de Colombia (BRC).
Colombia could be affected by the new dynamics of the trade war between China and the U.S.
The United States and China announce trade measures that could impact global supply chains and have repercussions on the configuration of the world economy, including Colombia. Tensions between these countries have escalated with economic sanctions and retaliatory trade measures between them.