According to the report of Efe on October 10, Colombian exporters have expressed their hope that President Pedro's visit to China this month will help strengthen bilateral trade and bring Colombia closer to the "the Belt and Road" initiative.
On September 26, Soraya Vargas, Deputy Minister of the Ministry of Trade, Industry and Tourism of Colombia, attended the opening ceremony of the seventh "Dialogue with China" Forum in Bogota, the capital, and delivered a speech saying that the Colombian government has a positive attitude towards joining the "the Belt and Road" initiative, and the "the Belt and Road" cooperation project is good for both Colombian and Chinese enterprises. (Xinhua News Agency)
On October 10th, Javier Dias, President of the National Association of Foreign Trade in Colombia, stated that promoting trade will be the central topic of Petro's trip to Beijing.
On the one hand, Colombia has increased the conditions for exporting agricultural products to China, such as coffee, flowers, cocoa, bananas, avocados (avocados), and lime. As for meat products, Colombia is expected to increase its exports to China after the beef export agreement was approved last month
According to the report, Chinese companies have invested in different fields in Colombia and participated in local infrastructure projects, the most famous of which is the construction of the Bogot á subway in the country's capital. This is the largest engineering project currently underway in Colombia. A joint venture formed by China Harbour Engineering Co., Ltd. and Xi'an Rail Transit Group Co., Ltd. participated in the bidding.
Dias believes that in its relationship with China, Colombia should explore the potential of its mineral reserves to increase its export share to China.
He stated that re industrialization and foreign trade policies will attract investment from enterprises located in high value-added production links in the global value chain, thereby creating more opportunities.
In 2022, the bilateral trade volume of goods between China and Colombia was 22.642 billion US dollars, of which China exported 15.6 billion US dollars and imported 7.042 billion US dollars.