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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. Since then the
relationship between the two countries has been gradually
increasing with more frequent diplomatic visits to promote
political, commercial cultural and academic exchanges. 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 Iran, 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 dollars 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 dollars while Colombia
exported to India some US$62 million dollars.[4]
Main
cooperation areas
- Use of solar energy in country border areas.
- Technical cooperation agreements.
- Development of scholarships including in military areas.
- Functioning of the Joint Task Force of the understanding of
technologies memorandum.
See also
References
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