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Colombia-India relations
Colombia-India 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.
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. It was until March 1972 when Colombia opened an embassy in New Delhi, India. The following year India established an embassy in Bogota 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.
Commercial ties
Economic and mutual cooperation ties improved with the visit of Colombian President Andres 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.
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.
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
Foreign relations of Colombia
Foreign relations of India
Non-Aligned Movement
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This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article Colombia-India relations
