Trade

The U.S. and India are close to finalizing an interim trade deal, but gaps persist over pulses and the pacing of tariff reductions. “We’re not that far off from finalizing the interim trade deal, but some gaps remain,” a U.S. official told The Hindu. Washington officials are now addressing details following a Supreme Court ruling.

March 26, 2026 Ti AI ṣe iroyin

China's embassy in Colombia responded to the government's 25% tariffs on steel imports from countries without a free trade agreement, denying unfair competition against the local steel industry. It emphasized that Chinese products are of good quality and competitive prices, accounting for less than 0.3% of total imports in 2025. It warned that restrictions would raise costs in other sectors and harm employment.

Colombia's Trade Minister Diana Marcela Morales and Venezuela's Coromoto Godoy led the launch in Caracas of the Follow-up Commission for Partial Scope Agreement No. 28. The commission aims to address trade bottlenecks at the border, prioritizing faster border crossings, lower logistics costs, and harmonized sanitary and phytosanitary requirements.

March 19, 2026 Ti AI ṣe iroyin

Colombia's National Administrative Department of Statistics (DANE) reported that imports in January 2026 reached US$5,902.9 million, up 9.7% from January 2025. This marks the highest January figure in the decade, surpassed only by US$6,050.5 million in 2022.

Nicolás Botero-Páramo, president of Confecámaras, urged the suspension of tariffs between Colombia and Ecuador during a committee in Ipiales, Nariño. Border companies can no longer endure the situation, which has disrupted bilateral trade for months. Proposals include declaring an economic emergency in border areas and reactivating bilateral coordination mechanisms.

March 13, 2026 Ti AI ṣe iroyin

Indonesian Ambassador Tatang Budi Utama Razak visited Colombia's Huila department from March 10 to 12, 2026, to carry out an institutional and cultural agenda. The aim was to strengthen cooperation ties in areas such as agriculture, technology, education, culture, and tourism. The visit featured meetings with local authorities, business leaders, and education representatives.