GUANGZHOU, China, Nov. 4, 2024
/CNW/ -- This is a news report
from GDToday: An event aimed at bridging two
regions across the Pacific Ocean — Colombia and China's Guangdong-Hong Kong-Macao Greater Bay Area
(GBA) — was held in Bogotá, Colombia on October
30, focusing on strengthening economic and trade ties.
The event, titled China
(Guangdong)-Colombia Economic and
Trade Exchange and Guangdong-Hong
Kong-Macao Greater Bay Area Promotion Conference, brought together
business leaders and government officials from GBA and Colombia to explore new trade opportunities
and discuss the vast potential within China's Greater Bay Area, a dynamic region
known for its innovation, growth, and openness.
Wu Daowen, deputy director
general of Guangdong Provincial Development and Reform Commission
and director general of Guangdong Energy Bureau, elaborated that
the GBA covers 56,000 square kilometers and is home to over 86
million people, presenting vast opportunities for development and
market growth.
"In 2023, its economic output surpassed 14 trillion yuan (nearly 2
trillion US dollars), accounting for one-ninth of
China's total economy, although
the area only represents less than 1 percent of the country's land
area and 6 percent of its population. This region is quickly
emerging as one of the world's most promising growth hubs," Wu
added.
The event also showcased the opportunities ahead in Belt and
Road cooperation as Colombia and
China discuss Colombia's formal participation in the
initiative.
In 2023, the total import and export volume between Guangdong and BRI partner countries reached
3.04 trillion RMB, making up about 37
percent of the province's total trade. Additionally, Guangdong enterprises have invested over
five billion USD in these partner
countries.
Luis Diego Monsalve, former
Colombian ambassador to China and
representative of Colombia-China Chamber of Commerce, told GDToday
that he started conversations about the Belt and Road Initiative
(BRI) when he served as Colombian ambassador in China.
"Now, the incumbent government decided to follow up those
conversations. I hope in the following months or year, we can
formalize the participation of Colombia. And with that, I think there would
be much more exchanges, especially in economic areas," Monsalve
said.
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SOURCE GDToday