Category: Colombia 🇨🇴

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).

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.

The Chinese consortium responsible for the construction of the first line of the Bogotá Metro has announced that it will appeal the penalty imposed by the district, which amounts to 812 million pesos due to delays in the delivery of detailed designs.

The largest Chinese companies operating in Colombia have expressed their keen interest in increasing their investments in the country. During a meeting in Bogota with representatives from various ministries and government entities, discussions revolved around the potential for Chinese companies to contribute to the peace-building efforts in areas affected by the armed conflict in Colombia.

Mining company Zijin-Continental Gold, based in Buriticá, Antioquia, was the target of an attack with a car bomb that tragically resulted in the loss of two lives and left several injured, including security personnel and employees of the mining company.

The Bogotá Metro Company has initiated a sanctioning process against the Chinese licensee of the Metro Línea 1 due to their failure to respond to the observations made by the project’s oversight entity. So far, only 41% of the required 315 deliverables have received approval from the oversight entity.