Colombia–India relations

Indo-Colombian relations

Colombia
India

Indo-Colombian relations entails the diplomatic relations between the Republic of Colombia and the Republic of India. Both countries established diplomatic ties on January 19, 1959. . Colombia is currently the commercial point of entry into Latin America for Indian companies.[1]

History

Official diplomatic relations between India and Colombia were established on January 19, 1959. On July 14, 1970 Colombia and India signed a commercial accord but this did not develop due to the economic restrictions on foreign goods both countries had and geopolitical differences.[2] It was until March 1972 when Colombia opened an embassy in New Delhi, India. The following year India established an embassy in Bogotá in 1973. The embassy in Bogota was opened until 1993, but later reopened in 1994. The Colombian embassy in India also serves Colombians in Nepal, Indonesia, Sri Lanka and Bangladesh.[1]

Commercial ties

Economic and mutual cooperation ties improved with the visit of Colombian President Andrés Pastrana Arango's to India from March 4–7, 2001. Colombia and India share similar economies and these similarities are used to establish cooperation between the two countries.

In 2006, Oil India invested US$425 million in oil production in Colombia. The company plans to participate in contract adjudications with the intention of exploring the Colombian land for gas.[3]

On August 23, 2007 the Colombian government reported that trade between Colombia and India was increasing. India gained from the exports to Colombia some US$346 million while Colombia exported to India some US$62 million.[3]

Main cooperation areas

See also

References

  1. 1 2 (Spanish) Colombian ministry of foreign affairs: Colombia-India relations Colombian Ministry of Foreign Affairs. Accessed December 14, 2007.
  2. ↑ (Spanish) Colombian embassy in India Accessed December 14, 2007.
  3. 1 2 (Spanish) Presidency of Colombia: Indian businessmen want to increase investments in Colombia Accessed December 14, 2007

External links


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