Articles

Wednesday, March 9, 2011

Colombia Seeks Closer Trade Relations With Asian Countries

Colombian Foreign Minister Maria Angela Holguin on Tuesday said her country is looking for a commercial approach to increase its trade balance with several Asian countries, China's Xinhua news agency reported.

"Colombia must get closer to Asia. Now we are opening embassies in Indonesia, Turkey, United Arab Emirates.

Similarly, we will also improve the embassies in Korea, China and Australia," Holguin said.

She said Colombia shares trade offices with Peru in several Asian countries such as Vietnam.

"We are opening trade offices in Singapore, we are opening trade offices with Peru and Chile in Asia. We will have nearly ten offices in Asia," she said.

Holguin said Colombia expects to sign a free trade agreement (FTA) with the United States this year, and the trade balance with Venezuela is improving.

Colombia has signed FTAs with Canada, as well as with El Salvador, Guatemala and Honduras (Northern Triangle), with Switzerland, Norway, Iceland and Liechtenstein (European Free Trade Association), and the European Union.

Meanwhile, Colombia hopes to increase its trade relations with Asian countries and attract investment from China and South Korea.

Bogota is also seeking to be admitted to the Asia-Pacific Economic Cooperation.

On Monday, President Juan Manuel Santos named the entrepreneur Carlos Urrea as the new Colombian ambassador to China.

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