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China Urges US for Rational View on Phase One Trade Deal Implementation

by Lucas Fernandez – World Editor February 25, 2026
written by Lucas Fernandez – World Editor

Beijing urged Washington to adopt an “objective and rational” view of the implementation of the Phase One trade agreement between the two countries, China’s Ministry of Commerce stated Wednesday, February 25, 2026.

The statement follows a recent indication from the U.S. Trade Representative, Jamieson Greer, of a potential investigation into China’s adherence to the 2020 trade deal, utilizing Section 301 of the Trade Act of 1974. This mechanism allows the U.S. To impose unilateral trade measures in response to perceived unfair practices, according to reporting from El Imparcial.

China’s Ministry of Commerce asserted that Beijing has maintained the spirit of the agreement and rigorously fulfilled its obligations. The Chinese government warned it would take “all necessary measures” to defend its interests should the U.S. Use a commercial investigation as a pretext for new tariffs on Chinese exports, El Imparcial reported.

The U.S. Initiated the Section 301 investigation on February 21, 2026, examining China’s implementation of the Phase One agreement, according to Investing.com. The investigation will assess whether China has met its commitments regarding trade volume, intellectual property protection and other areas outlined in the deal.

Despite past concerns regarding China’s fulfillment of purchase commitments under the Phase One agreement, U.S. And Chinese trade authorities previously reaffirmed their commitment to the deal during a phone call in August 2020, as reported by El Comercio. That earlier commitment came amidst tensions surrounding China’s delays in purchasing agreed-upon amounts of U.S. Products.

Xinhua reported that China hopes the U.S. Will take an objective and rational approach to evaluating the implementation of the Phase One economic and trade agreement.

February 25, 2026 0 comments
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Business

Parex Resources Bids $500M for Frontera Energy’s Colombia Assets | Oil & Gas News

by Priya Shah – Business Editor February 24, 2026
written by Priya Shah – Business Editor

Parex Resources has made an offer of $500 million for the Colombian exploration and production assets of Frontera Energy, challenging a previous agreement between Frontera and GeoPark, according to information released Monday.

The bid represents a $125 million premium over GeoPark’s existing acquisition agreement of $375 million. “Our all-cash offer to acquire Frontera’s upstream business in Colombia provides immediate and superior value for Frontera and its shareholders,” Parex Chairman and CEO Imad Mohsen stated in a press release. “We seem forward to advancing discussions with Frontera’s Board and management team to finalize a transaction.”

As of November 2025, Frontera was the largest private player in Colombia’s oil sector, with an average production of 58,099 barrels per calendar day, according to data from Colombia’s National Hydrocarbons Agency (ANH). GeoPark followed closely behind, producing an average of 42,889 barrels per calendar day. Combined, the two companies account for approximately 12% of Colombia’s total oil production, averaging 91,884 barrels per day.

The acquisition of Frontera’s assets would establish the buyer as the leading private oil producer in Colombia. Sierracol currently holds the third-largest private production volume with 40,674 barrels per day. Gran Tierra produces an average of 27,928 barrels per day, and ONG Vidissh produces 21,540 barrels per day.

Parex Resources is currently the sixth-largest producer in Colombia, with an average production of 13,742 barrels per day. If successful in acquiring Frontera’s assets, Parex’s production would increase to over 71,000 barrels per day.

Both Frontera and Parex are Canadian companies. According to the Colombian Association of Petroleum, Energy and Related Technologies Engineers (Acipet), Colombia’s oil production between January and November 2025 reached 746,402 barrels per calendar day, a 3.6% annual decrease from the 774,180 barrels per calendar day produced in 2024.

GeoPark CEO Felipe Bayón previously stated that extensive discussions with Frontera had been ongoing for the past year, and that the acquisition would position GeoPark as the largest private operator in Colombia. He highlighted the potential for integrated field development in areas such as Quifa and the broader Llanos portfolio, enabling stable production, synergy capture, and efficient reinvestment. Bayón also emphasized the transaction’s contribution to reserve protection, sustained production, and increased investment in the regions where the companies operate.

Frontera’s portfolio includes 17 exploration and production blocks within Colombia, encompassing both production assets and exploration opportunities in the Lower Magdalena Valley and the Llanos Basin. The Llanos Basin assets include the Quifa field, as well as the CPE-6, Guatiquía, and Cubiro blocks.

February 24, 2026 0 comments
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Business

Mexico and Africa: Untapped Trade Potential & Growing Economic Ties

by Priya Shah – Business Editor February 18, 2026
written by Priya Shah – Business Editor

Mexico is rapidly becoming a key trading partner for African nations, ranking as the second-largest Latin American market for African products, trailing only Brazil. This shift, highlighted in recent analysis, comes as trade between the two regions continues to expand, though a trade deficit persists, with Mexico importing significantly more from Africa than it exports.

Between 2015 and 2024, Mexican exports to Africa totaled $6.296 billion, although imports reached $15.478 billion, according to data released by El Economista. This imbalance underscores the potential for increased Mexican exports to the continent, which increasingly demands not just raw materials, but similarly manufactured goods.

South Africa currently stands as Mexico’s primary trading partner in Africa, holding the 44th position among Mexico’s global partners. However, other African markets are gaining prominence, including Algeria, Morocco, Egypt, and Nigeria, all of which are receiving growing volumes of Mexican exports. These nations represent economies with increasing demand, clear industrial needs, and a growing openness to recent partnerships.

Mexican exports to Africa are diversifying beyond traditional commodities. Leading exports now include automotive parts and accessories, telephones, and complete vehicles. Simultaneously, Mexico imports raw aluminum, cargo vehicles, integrated circuits, and cocoa, as well as hides, cotton, and walnuts – materials used in Mexican industries to create higher-value products.

This growing commercial relationship is paralleled by increasing political engagement. Mexico has maintained observer status with the African Union since 2005, representing over two decades of institutional ties. Last year, Mexican representatives in Ethiopia met with the President of the African Union Commission to explore opportunities in trade, agriculture, and artificial intelligence.

The launch of the African Continental Free Trade Area (AfCFTA) in 2019 by the African Union is a pivotal development, creating a unified market for goods and services across its 55 member states. This agreement is reshaping the continent’s economic landscape and expanding opportunities for external partners who view Africa as an integrated market.

Mexico’s developing diplomatic infrastructure supports this expansion, with eight embassies across the continent serving as platforms for economic promotion. Africa’s rising population and increasing purchasing power are driving demand for food products, benefiting Mexican exports of sesame, hibiscus, rice, strawberries, corn, apples, cocoa, walnuts, pears, tobacco, grapes, poultry, and fish to over 15 African countries. Compliance with international health standards is facilitating this growth.

The Mexican Council for Foreign Trade (COMCE) has identified key strategies to further boost trade, including strengthening logistical and port connectivity, promoting direct routes, leveraging the embassy network for economic promotion, and developing business missions focused on sectors with high complementarity, particularly in agriculture and engineering. According to a representative of COMCE, Africa is not a market of the future, but a partner of the present.

In 2024, Africa’s total exports reached $646.672 billion, with Mexico receiving 14.42% of that total, according to data shared on Instagram.

February 18, 2026 0 comments
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