• Home
  • Latest
  • Coins2Day 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
PoliticsBelt and Road
Asia

Colombia joins Beijing’s Belt and Road initiative as China and U.S. fight for control in Latin America

By
Peter Catterall
Peter Catterall
and
AFP
AFP
Down Arrow Button Icon
By
Peter Catterall
Peter Catterall
and
AFP
AFP
Down Arrow Button Icon
May 14, 2025, 8:07 AM ET
Chinese President Xi Jinping (front 2nd R), Brazil President Luiz Inacio Lula da Silva (front R), Chile President President Gabriel Boric (front L) and Colombia President Gustavo Petro (front 2nd L) attend a group photo session before the opening ceremony of the Fourth Ministerial Meeting of the Forum of China and Community of Latin American and Caribbean States (CELAC) in Beijing on May 13, 2025.
Chinese President Xi Jinping (front 2nd R), Brazil President Luiz Inacio Lula da Silva (front R), Chile President President Gabriel Boric (front L) and Colombia President Gustavo Petro (front 2nd L) attend a group photo session before the opening ceremony of the Fourth Ministerial Meeting of the Forum of China and Community of Latin American and Caribbean States (CELAC) in Beijing on May 13, 2025. FLORENCE LO—POOL/AFP via Getty Images

Colombia formally agreed on Wednesday to join China’s vast Belt and Road infrastructure initiative, as Beijing draws Latin America closer in a bid to counter the United States.

Recommended Video

Latin America has emerged as a key battleground in US President Donald Trump’s confrontations with China, and the region is coming under pressure from Washington to choose a side.

China has surpassed the United States as the biggest trading partner of Brazil, Peru, Chile and other Latin American nations, and two-thirds of countries there have signed up to Chinese leader Xi Jinping’s Belt and Road infrastructure drive.

On the sidelines of a major gathering of regional leaders in Beijing on Wednesday, Colombia became the latest country to join the massive global initiative.

Colombia’s foreign ministry hailed the agreement as a “historic step that opens up new opportunities for investment, technological cooperation, and sustainable development for both countries”.

And after a meeting with Colombian President Gustavo Petro, Xi urged the countries to take the opportunity of Colombia formally joining the “Belt and Road Initiative family” to enhance their cooperation, Beijing’s state media said.

Posting a video of the signing to social media platform X, Petro wrote that “the history of our foreign relations is changing”.

“From now on, Colombia will interact with the entire world on a footing of equality and freedom,” he wrote.

The BRI is a central pillar of Xi’s bid to expand China’s economic and political clout overseas.

For more than a decade, it has provided investment for infrastructure and other large-scale projects around the world, offering Beijing political and economic leverage in return.

Last year, Xi inaugurated Latin America’s first Beijing-funded port in Chancay, Peru — a symbol of the Asian superpower’s growing influence on the continent.

‘Defenders of free trade’

This week’s China-CELAC Forum in Beijing has seen China cast itself as the defender of the multilateral order and the backer of the Global South, with Xi pledging on Monday $9.2 billion in credit towards development.

That pledge was part of a broad set of initiatives aimed at deepening cooperation, including on infrastructure and clean energy.

Beijing will also cooperate in counterterrorism and fighting transnational organised crime, Xi said, as well as enhancing exchanges such as scholarships and training programmes.

During a meeting with Chilean President Gabriel Boric on Wednesday, Xi said that the “resurgence of unilateralism and protectionism is severely impacting the international economic and trade order”, according to Chinese state news agency Xinhua.

“As staunch defenders of multilateralism and free trade, China and Chile should strengthen multilateral coordination and jointly safeguard the common interests of the Global South,” Xi told Boric.

Also in attendance at the China-CELAC forum was Brazilian President Luiz Inacio Lula da Silva, who arrived in Beijing on Saturday for a five-day state visit.

Addressing delegates, Lula said his region did not “want to repeat history and start a new Cold War”, adding: “Our goal is to be an asset to the multilateral order for a global good”.

In talks with Lula on Tuesday, Xi said the two countries should “strengthen cooperation” and together “oppose unilateralism”, according to Chinese state media.

The United States and China have faced off in Latin America, including over the Panama Canal, which Trump has for months vowed to reclaim from alleged Chinese influence.

Washington considered a Hong Kong company’s operation of ports at both ends of the interoceanic waterway to be a threat to its national security, but Beijing has dismissed the claims.

And China’s market regulator is looking into a deal by Hong Kong conglomerate CK Hutchison to offload 43 ports in 23 countries — including its two on the Panama Canal — to a US-led consortium.

The world’s two largest economies are two of the top users of the canal, through which five percent of all global shipping passes.

Join us at the Coins2Day Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Authors
By Peter Catterall
See full bioRight Arrow Button Icon
By AFP
See full bioRight Arrow Button Icon

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Most Popular

placeholder alt text
Economy
Right before Trump named Warsh to lead the Fed, Powell seemed to respond to some of his biggest complaints about the central bank
By Jason MaJanuary 30, 2026
24 hours ago
placeholder alt text
Economy
'I just don't have a good feeling about this': Top economist Claudia Sahm says the economy quietly shifted and everyone's now looking at the wrong alarm
By Eleanor PringleJanuary 31, 2026
9 hours ago
placeholder alt text
Politics
The American taxpayer spent nearly half a billion dollars deploying federal troops to U.S. cities in 2025, CBO finds
By Nick LichtenbergJanuary 28, 2026
3 days ago
placeholder alt text
AI
Top engineers at Anthropic, OpenAI say AI now writes 100% of their code—with big implications for the future of software development jobs
By Beatrice NolanJanuary 29, 2026
2 days ago
placeholder alt text
Big Tech
Microsoft’s $440 billion wipeout, and investors angry about OpenAI’s debt, explained
By Eva RoytburgJanuary 29, 2026
2 days ago
placeholder alt text
Asia
Trump’s Greenland play comes with Russia and China running circles around the US in the Arctic as expert sees ‘big game of catch-up’
By Tristan BoveJanuary 30, 2026
24 hours ago

© 2026 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Latest in Politics

texas A&M
PoliticsColleges and Universities
Conservative cancel culture clashes with college and social media at Texas A&M to bring curtain down on women’s and gender studies
By Juan A. Lozano and The Associated PressJanuary 31, 2026
1 hour ago
traders
BankingMarkets
Kevin Warsh’s Fed nod sends gold plunging and chops 31.4% off silver as dollar strengthens in Friday trading
By Stan Choe and The Associated PressJanuary 31, 2026
2 hours ago
warsh
BankingFederal Reserve
‘That’s exactly what a sock puppet does’: Elizabeth Warren accuses Kevin Warsh of softening his rate stance for Trump
By Christopher Rugaber and The Associated PressJanuary 31, 2026
2 hours ago
C-SuitePolitics
Minnesota CEOs chose deescalation over outrage. Did it work?
By Geoff ColvinJanuary 31, 2026
4 hours ago
Theranos founder Elizabeth Holmes and her husband Billy Evans.
LawTheranos
The mystery behind Elizabeth Holmes’ tweeting spree from prison
By Jessica MathewsJanuary 31, 2026
4 hours ago
EconomyU.S. economy
Kevin Warsh will inherit a challenge no Fed chief has faced since post-World War II regarding the spiraling $31 trillion national debt
By Shawn TullyJanuary 31, 2026
6 hours ago