Trade Agreement Between China And Colombia

Switzerland (which has a customs union with Liechtenstein, which sometimes appears in agreements) has bilateral agreements with the following countries and blocs:[41] These issues were analysed in issue 40 of the “Made In CHI-LAT” integration and trade journal, which highlighted that there are many opportunities for cooperation between China and Latin America , especially if both manage to overcome institutional obstacles to deepening bilateral relations. , to transfer technology and move towards a form of trade that goes beyond the simple exchange of agricultural or mining raw materials for production through diversification of the export basket of Latin American countries, a process that Colombia is actively pursuing. This is a strong goal and a valuable opportunity for Colombia to expand and diversify its exports to China. Duque said Colombia hopes to expand exports of agricultural products such as coffee, flowers and beef to China. The government also wants to offer Chinese consumers “the [new] type of aromas they are looking for” as China increases its absorption of “Latin American flavors” that have found their way to the table tables of Chinese homes. This interest in Colombian food and products gives more opportunities for agricultural and packaged food trade between China and Colombia. The Eurasian Economic Union, composed of Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan, has concluded free trade agreements, see below. The world`s longest commercial flight record, currently 17.5 hours between Doha and Auckland, would surpass two cities spaced 14,529 kilometres apart. The distance between Bogota and Shanghai is 15,706 kilometers. List of agreements between two states, two blocs or one bloc and one state. Note: Any customs union, every common market, any economic union, the Customs and Monetary Union and the Economic and Monetary Union are also a free trade area. With the strengthening of colombia-China trade relations in recent years, China has become Colombia`s second largest trading partner.

Colombia is now China`s fifth largest trading partner in Latin America. In 2018, Colombian imports from China reached $4.06 billion. Oil accounts for 77.8% of Colombia`s exports to China and nearly doubled between 2017 and 2018, from $2.2 billion to $4 billion, according to figures from the National Ministry of Statistical Administration. Metals and ferronickels accounted for 18.6% of metals and ferronickels, while the remaining 5.5% were exported from coffee, sugar and raw glycerol.

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