The China Mail - Colombia joins Belt and Road initiative as China courts Latin America

USD -
AED 3.672498
AFN 68.693178
ALL 83.231009
AMD 382.053333
ANG 1.789783
AOA 916.999904
ARS 1292.733497
AUD 1.540165
AWG 1.8005
AZN 1.698941
BAM 1.673519
BBD 2.019466
BDT 121.522237
BGN 1.674005
BHD 0.376974
BIF 2983.036345
BMD 1
BND 1.283248
BOB 6.936001
BRL 5.445401
BSD 1.000193
BTN 87.076873
BWP 13.953289
BYN 3.352172
BYR 19600
BZD 2.00901
CAD 1.38117
CDF 2894.999736
CHF 0.805375
CLF 0.024569
CLP 963.830461
CNY 7.184895
CNH 7.18346
COP 4014.85
CRC 505.439875
CUC 1
CUP 26.5
CVE 94.35044
CZK 20.936102
DJF 178.106162
DKK 6.389199
DOP 61.608232
DZD 129.729018
EGP 48.444802
ERN 15
ETB 141.169263
EUR 0.85595
FJD 2.257396
FKP 0.739708
GBP 0.739555
GEL 2.689906
GGP 0.739708
GHS 10.901997
GIP 0.739708
GMD 72.000004
GNF 8672.21426
GTQ 7.665946
GYD 209.252279
HKD 7.80134
HNL 26.194622
HRK 6.447991
HTG 130.951719
HUF 337.090034
IDR 16255.3
ILS 3.380575
IMP 0.739708
INR 87.077969
IQD 1310.201724
IRR 42112.485453
ISK 122.72992
JEP 0.739708
JMD 160.138619
JOD 0.708995
JPY 147.781499
KES 129.219861
KGS 87.449708
KHR 4008.796249
KMF 420.49797
KPW 899.979822
KRW 1388.675005
KWD 0.30562
KYD 0.833501
KZT 538.378933
LAK 21659.386404
LBP 89777.570517
LKR 301.751984
LRD 200.533078
LSL 17.598391
LTL 2.95274
LVL 0.60489
LYD 5.414679
MAD 9.013028
MDL 16.712801
MGA 4393.82725
MKD 52.657925
MMK 2098.533403
MNT 3597.063411
MOP 8.037957
MRU 39.886196
MUR 45.680341
MVR 15.409699
MWK 1734.256878
MXN 18.799405
MYR 4.223498
MZN 63.897491
NAD 17.598391
NGN 1534.340077
NIO 36.802362
NOK 10.209302
NPR 139.323593
NZD 1.68726
OMR 0.384497
PAB 1.000184
PEN 3.543158
PGK 4.225298
PHP 57.147028
PKR 283.798575
PLN 3.63359
PYG 7226.987828
QAR 3.635313
RON 4.329302
RSD 100.27402
RUB 80.772941
RWF 1447.695487
SAR 3.752488
SBD 8.223773
SCR 14.741788
SDG 600.49947
SEK 9.54981
SGD 1.28303
SHP 0.785843
SLE 23.258728
SLL 20969.49797
SOS 571.587482
SRD 37.719736
STD 20697.981008
STN 20.963912
SVC 8.751792
SYP 13001.624023
SZL 17.580593
THB 32.499496
TJS 9.296517
TMT 3.51
TND 2.923311
TOP 2.342098
TRY 40.8887
TTD 6.778559
TWD 30.094502
TZS 2515.00031
UAH 41.389658
UGX 3565.576401
UYU 40.071021
UZS 12499.625644
VES 135.47035
VND 26320
VUV 119.390828
WST 2.678368
XAF 561.280248
XAG 0.026269
XAU 0.0003
XCD 2.70255
XCG 1.802554
XDR 0.697125
XOF 561.268241
XPF 102.04719
YER 240.27503
ZAR 17.61465
ZMK 9001.203383
ZMW 23.279156
ZWL 321.999592
  • SCS

    0.1000

    16.25

    +0.62%

  • RYCEF

    0.0500

    14.76

    +0.34%

  • GSK

    0.2800

    39.35

    +0.71%

  • CMSC

    0.0000

    23.15

    0%

  • NGG

    0.2300

    70.93

    +0.32%

  • RIO

    -0.2400

    61

    -0.39%

  • RELX

    -0.1150

    47.705

    -0.24%

  • VOD

    0.0950

    11.795

    +0.81%

  • BCE

    0.1500

    25.72

    +0.58%

  • BTI

    -0.3200

    57.4

    -0.56%

  • BCC

    0.3100

    86.3

    +0.36%

  • AZN

    0.5950

    79.715

    +0.75%

  • CMSD

    0.0000

    23.35

    0%

  • BP

    0.1500

    34.2

    +0.44%

  • JRI

    0.0360

    13.356

    +0.27%

  • RBGPF

    0.0000

    75.92

    0%

Colombia joins Belt and Road initiative as China courts Latin America
Colombia joins Belt and Road initiative as China courts Latin America / Photo: © POOL/AFP

Colombia joins Belt and Road initiative as China courts Latin America

Colombia formally agreed on Wednesday to join China's vast Belt and Road infrastructure initiative, as Beijing draws Latin America closer in a bid to counter the United States.

Text size:

Latin America has emerged as a key battleground in US President Donald Trump's confrontations with China, and the region is coming under pressure from Washington to choose a side.

China has surpassed the United States as the biggest trading partner of Brazil, Peru, Chile and other Latin American nations, and two-thirds of countries there have signed up to Chinese leader Xi Jinping's Belt and Road infrastructure drive.

On the sidelines of a major gathering of regional leaders in Beijing on Wednesday, Colombia became the latest country to join the vast, global initiative.

Colombia's foreign ministry hailed the agreement as a "historic step that opens up new opportunities for investment, technological cooperation, and sustainable development for both countries".

And after a meeting with Colombian President Gustavo Petro, Xi urged the countries to "take the opportunity of Colombia's formal joining the high-quality Belt and Road Initiative family to promote the quality upgrading of cooperation," Beijing's state media said.

And after a meeting with Colombian President Gustavo Petro, Xi urged the countries to take the opportunity of Colombia joining the "high-quality Belt and Road Initiative family to promote the quality upgrading of cooperation", Beijing's state media said.

Posting a video of the signing to social media platform X, Petro wrote that "the history of our foreign relations is changing".

"From now on, Colombia will interact with the entire world on a footing of equality and freedom," he wrote.

The BRI is a central pillar of Xi's bid to expand China's economic and political clout overseas.

For more than a decade, it has provided investment for infrastructure and other large-scale projects around the world, offering Beijing political and economic leverage in return.

Last year, Xi inaugurated Latin America's first Beijing-funded port in Chancay, Peru -- a symbol of the Asian superpower's growing influence on the continent.

This week's China-CELAC Forum in Beijing has seen China cast itself as the defender of the multilateral order and the backer of the Global South, with Xi pledging on Monday $9.2 billion in credit towards development.

That pledge was part of a broad set of initiatives aimed at deepening cooperation, including on infrastructure and clean energy.

Beijing will also cooperate in counterterrorism and fighting transnational organised crime, Xi said, as well as enhancing exchanges such as scholarships and training programmes.

R.Yeung--ThChM