Colombia Seeks to Diversify Exports Amid U.S. Trade Threats

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Colombia's government is taking steps to reduce its heavy reliance on the United States for trade following recent diplomatic tensions and threats from former President Donald Trump to impose a 25% tariff on Colombian goods. This scenario highlighted Colombia's dependence, as one in three of its foreign sales are directed to the U.S. Experts, including President Gustavo Petro and Javier Díaz of the National Association of Foreign Trade, emphasize the need for modernization of customs processes and overcoming a general disinterest in international trade among business owners.

Petro's administration is now focusing on expanding trade with countries like China and members of the European Union, as shown by recent meetings between Colombian officials and Chinese diplomats. However, challenges such as outdated logistics systems and an unfounded fear of moving into new markets persist. Efforts to strengthen ties with other trading partners, including India and various African nations, reflect a broader strategy to build a diversified export portfolio. Experts suggest that while the U.S. remains a crucial partner, Colombia must actively explore alternative markets to ensure future economic stability.

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