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

USD -
AED 3.672494
AFN 64.999743
ALL 80.761235
AMD 360.982284
ANG 1.789785
AOA 917.000094
ARS 1547.506848
AUD 1.426544
AWG 1.8
AZN 1.697068
BAM 1.737655
BBD 2.013789
BDT 124.482471
BGN 1.747831
BHD 0.377511
BIF 2987.543757
BMD 1
BND 1.278142
BOB 12.12307
BRL 5.460698
BSD 0.999876
BTN 94.576825
BWP 13.727633
BYN 2.983457
BYR 19600
BZD 2.010946
CAD 1.39503
CDF 2314.999866
CHF 0.81448
CLF 0.024532
CLP 965.479702
CNY 6.669799
CNH 6.66659
COP 3229.75
CRC 454.196116
CUC 1
CUP 23.996482
CVE 97.96631
CZK 21.56415
DJF 178.04787
DKK 6.637502
DOP 60.044158
DZD 135.825634
EGP 54.653305
ERN 15
ETB 164.108289
EUR 0.88795
FJD 2.24175
FKP 0.743037
GBP 0.741195
GEL 2.605024
GGP 0.743037
GHS 11.633527
GIP 0.743037
GMD 74.503195
GNF 8859.999896
GTQ 7.640777
GYD 209.490556
HKD 7.844265
HNL 26.874159
HRK 6.76901
HTG 130.993736
HUF 321.798964
IDR 18102
ILS 3.15995
IMP 0.743037
INR 94.510797
IQD 1515.805747
IRR 1883408.498647
ISK 121.310194
JEP 0.743037
JMD 158.490264
JOD 0.709012
JPY 157.938497
KES 129.95052
KGS 87.449977
KHR 4065.567945
KMF 441.000169
KPW 899.999961
KRW 1343.175028
KWD 0.31068
KYD 0.8332
KZT 451.907529
LAK 22510.972511
LBP 89536.844537
LKR 332.702525
LRD 169.971747
LSL 16.458322
LTL 2.95274
LVL 0.60489
LYD 6.411145
MAD 9.767223
MDL 17.932726
MGA 4516.054516
MKD 54.652015
MMK 2099.845134
MNT 3601.453525
MOP 8.0795
MRU 40.672394
MUR 47.009856
MVR 15.455007
MWK 1733.74558
MXN 18.570715
MYR 4.048101
MZN 63.910382
NAD 16.458322
NGN 1346.410288
NIO 36.791229
NOK 9.297399
NPR 151.327626
NZD 1.771905
OMR 0.384504
PAB 0.999964
PEN 3.451055
PGK 4.486835
PHP 63.100501
PKR 276.584484
PLN 3.89515
PYG 6062.867601
QAR 3.645272
RON 4.742802
RSD 104.472028
RUB 81.802231
RWF 1471.300315
SAR 3.756339
SBD 8.051718
SCR 13.835724
SDG 601.506428
SEK 9.703815
SGD 1.276498
SHP 0.745545
SLE 22.909899
SLL 20969.504398
SOS 571.481881
SRD 37.563991
STD 20697.981008
STN 21.767813
SVC 8.74869
SYP 13001.999685
SZL 16.449882
THB 33.434032
TJS 9.223662
TMT 3.51
TND 2.979992
TOP 2.40776
TRY 50.043497
TTD 6.77808
TWD 33.008496
TZS 2647.034973
UAH 45.533522
UGX 4104.696412
UYU 40.202925
UZS 11888.515735
VES 893.768982
VND 25682.5
VUV 119.655093
WST 2.783161
XAF 582.45706
XAG 0.019006
XAU 0.000242506548
XCD 2.70255
XCG 1.801979
XDR 0.707052
XOF 582.45706
XPF 105.958029
YER 236.175026
ZAR 16.354298
ZMK 9001.195056
ZMW 20.278266
ZWL 321.999592
SSP 5745.516508
MXV 2.089813
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

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