In December 2022, the Board of Directors of Ecopetrol approved between 25.3 billion and 29.8 billion Colombian pesos for the 2023 investment plan (the «Investment Plan»), at US$80/Bbl Brent. The company expects to allocate approximately 66% of these investments to projects in Colombia and the remainder to the
The volume of U.S. fresh, dried, and processed fruit exports between 2012/13 and 2021/22 fell 29%, to 2.9 million metric tons, according to USDA data. However, a 25% increase in unit value during this period softened the decline in value to just 11% lower, as trade fell $0.7
The World Bank projected that the world economy will slow sharply to 1.7% in 2023, the third weakest pace of growth in nearly three decades, eclipsed only by the global recessions caused by the pandemic and global financial crisis. This figure is 1.3 percentage points below previous forecasts,
After decades of aggressive subsidies, Chinese chip designers are starting to gain market share in logic and memory chips, the U.S.-China Economic and Security Review Commission indicates Aside from packaging and test, chip design is China‘s best-performing market segment, with an estimated 9% market share of fabless chip
The U.S. Administration, through the Office of the USTR, plays a key role in trade policy formulation, with input and coordination from other executive branch agencies and public sector stakeholders, says a WTO report. Meanwhile, Congress retains legislative and oversight powers, and can advise the Administration on trade
Brazil is the leading regional exporter in the chemical and pharmaceutical sector, with just over a quarter of total shipments, followed by Mexico, with a fifth, according to a report by the Economic Commission for Latin America and the Caribbean (ECLAC). Other relevant exporters are Argentina, Colombia and