Colombia on Thursday signed a Free Trade Agreement (FTA) with South Korea in Seoul. The FTA includes a wide range of elements to boost bilateral trade and investment, according to the trade ministry.
Interpol has announced that it arrested nearly 200 people in a wide-ranging international operation against illegal logging and the trafficking of timber. The three-month effort spanned 12 Central and South American countries, and 8 million dollars worth of timber was seized.
Colombia announced that it produced an average of 1.01 million barrels of oil per day in January, marking the first time that average crude output for a month surpassed the one million-barrel mark that the government had set as a target for the country's oil industry.
Representatives of the Colombian government and Marxist-led FARC rebels reconvened in Havana Monday for a third round of peace talks that the administration of President Juan Manuel Santos says need to start moving faster.
GeoPark Holdings Limited announced the successful drilling, testing and putting into production of a new oil well in the Tua oil field on the Llanos 34 Block in Colombia. GeoPark that also has drilled for oil in southern Chile and Argentina operates and has a 45% working interest in the Llanos 34 Block.
The IMF said Thursday that it was unlikely to take action on Argentina failure to supply accurate statistical data before January, if the country misses a deadline next Monday.
IMF Managing Director Christine Lagarde on a five day tour of Latin America is expected to outline the lender’s reversal of its decades-old opposition to capital controls, even as Brazil says the new position doesn’t go far enough.
Spanish members of the European parliament and Trade Commissioner Karel De Gucht called on Tuesday on the full house to ratify the association agreement of the EU with Central America, and the EU free trade agreement with Colombia and Peru.
The IMF Managing Director Christine Lagarde praised Colombia as a member with the capacity to support the multilateral organization with “funds” and “services”, something which in the past was not possible. Lagarde made the comments after meeting with Colombian president Juan Manuel Santos in Bogotá where she underlined the “magnificent moment” of the Andean country’s economy.
Colombian President Juan Manuel Santos said he has agreed with his Nicaraguan counterpart, Daniel Ortega, to establish lines of communication to resolve through diplomatic channels the maritime dispute between the two countries.