Colombia–United Arab Emirates relations

Colombia–United Arab Emirates relations

Colombia
United Arab Emirates

Colombia–United Arab Emirates relations are the bilateral relations between Colombia and the United Arab Emirates (UAE). The two countries are members of the United Nations, Group of 77 and the Non-Aligned Movement.

History

Colombia and the UAE established bilateral relations on January 1, 1976.[1] In August 2011, Colombia opened its embassy in Abu Dhabi.[2] Three years later on October 21, 2013, the United Arab Emirates opened its embassy in Bogotá.[3] In August 2024, Colombia and the United Arab Emirates formalized a project by having a memorandum of understanding signed, which led to the donation of a hospital to La Guajira.[4][5]

High-level visits

High-level visits from Colombia to the United Arab Emirates[1]

High-level visits from the United Arab Emirates to Colombia[1]

Bilateral agreements

Both nations have signed bilateral agreements such as a memorandum of understanding between the civil aviation authorities of the Republic of Colombia and the United Arab Emirates (2009); Memorandum of Air Transport between the Government of the United Arab Emirates and the Government of Colombia (2011); Air Services Agreement (ASA) (2012); Memorandum of Understanding for the establishment of Political Consultations between the Ministry of Foreign Affairs of Colombia and the Ministry of Foreign Affairs of the United Arab Emirates (2014); Memorandum of Understanding to create a joint commission on cooperation (2014); Agreement between the Republic of Colombia and the United Arab Emirates on mutual exemption from the requirement of entry visas for holders of diplomatic and official or special passports (2014); Agreement between the Republic of Colombia and the United Arab Emirates for the Exchange of Information on Tax Matters (2016); Agreement on cultural, educational and sports cooperation between the Republic of Colombia and the United Arab Emirates (2016); Memorandum of Understanding on cooperation for efficient and sustainable agricultural production between the Ministry of Agriculture and Rural Development of the Republic of Colombia and the Ministry of Climate Change and Environment of the United Arab Emirates (2016); Bilateral agreement on the promotion and protection of investments between the Republic of Colombia and the United Arab Emirates (2017); Agreement between the Republic of Colombia and the United Arab Emirates for the elimination of double taxation with respect to income taxes and the prevention of tax evasion and avoidance (2017); Memorandum of Understanding between the Presidential Cooperation Agency (APC) and the Abu Dhabi Fund for Development (ADFD) (2017); Memorandum of Understanding between the Augusto Ramírez Ocampo Diplomatic Academy and the Anwar Gargash Diplomatic Academy of the United Arab Emirates (2023) and a Comprehensive Economic Partnership Agreement between the Ministry of Commerce, Industry and Tourism of the Republic of Colombia and the Ministry of Foreign Trade of the United Arab Emirates (2023).[1][6]

Trade

In 2022, United Arab Emirates exported $105M to Colombia. The products exported from the United Arab Emirates to Colombia included metal stoppers ($20.1M), cars ($12.9M), and ethylene polymers ($9.61M). Colombia exported $259M to the United Arab Emirates. The products exported from Colombia to the United Arab Emirates were gold ($174M), precious metal ore ($44.1M), and coffee ($8.85M).[7]

In 2023, non-oil bilateral trade between both countries experienced an increase compared to 2022, which was worth $553 million.[8] On August 8, 2024, UAE ambassador to Colombia Mohammed Abdullah Al Shamsi held a meeting with Minister of Finance and Public Credit of Colombia Ricardo Bonilla González to discuss about economic agreements that could strengthen ties between the two countries. Al Shamsi proclaimed that agreements would attract more investments and amplify trade and economic partnerships between Colombia and the United Arab Emirates.[9][10]

Resident diplomatic missions

  • Colombia has an embassy in Abu Dhabi.[3]
  • United Arab Emirates has an embassy in Bogotá.[3]

See also

References

  1. ^ a b c d "Emiratos Árabes Unidos" [United Arab Emirates]. Cancillería (in Spanish). Retrieved November 13, 2024.
  2. ^ "Asuntos Políticos entre Colombia y Emiratos Árabes Unidos" [Political Affairs between Colombia and the United Arab Emirates]. emiratosarabesunidos.embajada.gov.co (in Spanish). Retrieved November 13, 2024.
  3. ^ a b c "UAE Embassy in Bogota-Bilateral Relationship". www.mofa.gov.ae. Retrieved 2024-11-13.
  4. ^ Romero, Por Juan Sánchez (2024-08-24). "Colombia y Emiratos Árabes solidifican relaciones diplomáticas con la donación de un importante hospital para La Guajira". infobae (in European Spanish). Retrieved 2024-11-13.
  5. ^ "APC Colombia impulsa la Cooperación Internacional con Emiratos Árabes Unidos para hacer realidad el Hospital de Alta Complejidad en La Guajira | Agencia Presidencial de Cooperación Internacional". www.apccolombia.gov.co (in Spanish). Retrieved 2024-11-13.
  6. ^ "UAE Embassy in Bogota-Economic Cooperation". www.mofa.gov.ae. Retrieved 2024-11-13.
  7. ^ "United Arab Emirates (ARE) and Colombia (COL) Trade". The Observatory of Economic Complexity. Retrieved 2024-11-13.
  8. ^ Kamel, Deena. "UAE-Colombia trade and investment to accelerate as Latin American markets beckon". The National. Retrieved 2024-11-13.
  9. ^ "UAE Ambassador explores enhancing economic cooperation with Colombia". www.mofa.gov.ae. Retrieved 2024-11-13.
  10. ^ "UAE and Colombia target $1bn trade relationship - Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More". www.arabianbusiness.com. 2024-08-08. Retrieved 2024-11-13.