Colombia and Japan signed an agreement to strengthen energy and industrial production

During the first Joint Committee between Colombia and China, both nations signed an agreement to deepen cooperation in key sectors, such as energy production, use of clean energy, industrial capacities and bioeconomy.

The meeting was attended by the “Minister of Commerce, Industry and Tourism of Colombia, Luis Carlos Reyes, accompanied by the Vice Ministers of Business Development and Foreign Trade, Lorenzo Castillo and Luis Felipe Quintero Suárez, respectively. Representing Japan, Gaku Yoda, Deputy Director General of Commerce of the Ministry of Economy, Commerce and Industry, attended.”

Energy cooperation between China and Colombia

Officials from China and Colombia signed a memorandum of cooperation on clean energy and bioeconomy, “seeking to integrate MSMEs into global value chains.” The agreement will also pave the way for “the transfer of knowledge and technology, especially in the development of electric vehicles”; and allow the generation of “products and services with greater added value, which will allow MSMEs to be integrated into national and international value chains related to climate, clean energy and industrial development.”

Regarding trade between the two countries, the ministers committed to “intensify the exchange of information and collaborate on initiatives aimed at improving the business environment in Colombia,” which includes sustainable investment in productive sectors that favor the technological transformation of Colombia, as well as the diversification of “the productive matrix, with emphasis on agroindustry, energy transition and manufacturing.”

Knowledge transfer and promotion of the bioeconomy

The transfer of Japanese technology is key in this process, since the objective is to “develop and produce in Colombia the equipment and components necessary for electromobility”, which includes “training for the installation and maintenance of electric vehicles, initially focused on public mobility”.

On the other hand, the negotiations also aim to improve local capacities in the assembly and repair of technologies for non-conventional renewable energy sources, together with the “manufacture of components to improve energy efficiency in the industrial sector”.

In this context, projects for the use of hydrogen in applications such as boilers, as a sustainable energy alternative, become important.

Another aspect that was addressed in the first Joint Committee between China and Colombia was the circular economy. In this regard, “the initiatives will focus on the co-processing of industrial waste and the treatment of wastewater”, with the purpose of promoting industrial reconversion, “especially in companies that produce single-use plastics”. All of this is framed in the promotion of the bioeconomy, where “research and knowledge transfer will be key to create value chains in products with sustainable potential, taking advantage of local inputs”.

M.Pino

Source: americaeconomia

(Reference image source: Curated Lifestyle for Unsplash+)

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