Colombia to Suspend Coal Sales to Israel Over Gaza War

The move is an escalation in a clash between two countries that have historically had warm relations, and which have had a free-trade agreement in force since 2020.Photographer: Jack Guez/AFP/Getty Images
The move is an escalation in a clash between two countries that have historically had warm relations, and which have had a free-trade agreement in force since 2020.Photographer: Jack Guez/AFP/Getty Images
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Colombia to Suspend Coal Sales to Israel Over Gaza War

The move is an escalation in a clash between two countries that have historically had warm relations, and which have had a free-trade agreement in force since 2020.Photographer: Jack Guez/AFP/Getty Images
The move is an escalation in a clash between two countries that have historically had warm relations, and which have had a free-trade agreement in force since 2020.Photographer: Jack Guez/AFP/Getty Images

Colombian President Gustavo Petro announced Saturday that his country will suspend coal exports to Israel as a rebuke against its deadly war against Hamas in Gaza.

Colombia is Israel's main coal supplier with exports of some $450 million in 2023, according to the Israeli embassy in Bogota, which remains operational despite Petro's government severing diplomatic ties in May, AFP reported.

Petro, Colombia's first leftist president and a fierce critic of Israeli Prime Minister Benjamin Netanyahu, said Saturday on X that coal exports to Israel would be suspended "until the genocide stops."

A government decree specified that the restrictions would remain "until the orders of provisional measures issued by the International Court of Justice (ICJ)... are fully complied with."

In late May, as part of a pending case brought by South Africa, the ICJ ordered Israel to halt its offensive on the southern Gaza city of Rafah, while also demanding the release of hostages and the "unhindered provision" of humanitarian aid into the Palestinian territory.

According to the Colombian government, the coal export ban will enter into force five days after the decree is published in the official gazette and will not affect goods that have already been authorized for shipment.

Bogota underscored coal's role as "a "strategic resource for the manufacture of weapons, the mobilization of troops and the manufacture of provisions for military operations."

Petro also said Colombia would stop purchasing weapons made by Israel, one of the main suppliers of the South American country's security forces.

On Thursday, the Colombian Mining Association expressed concern over the possibility of exports being suspended, noting a trade treaty between the two nations in place since 2020.

"Israel is a key destination for Colombia's thermal coal exports," the organization said in a statement, adding that banning shipments "jeopardizes confidence in markets and foreign investment."

Petro announced Colombia would sever ties with Israel in May over the Gaza conflict and open an embassy in Ramallah in the Palestinian territories.



Saudi MODON: Logistics Spaces Allocated in Industrial Cities Exceed 4.8 Million Square Meters

Saudi MODON: Logistics Spaces Allocated in Industrial Cities Exceed 4.8 Million Square Meters
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Saudi MODON: Logistics Spaces Allocated in Industrial Cities Exceed 4.8 Million Square Meters

Saudi MODON: Logistics Spaces Allocated in Industrial Cities Exceed 4.8 Million Square Meters

The Saudi Authority for Industrial Cities and Technology Zones, known as MODON, has expanded its total logistics space in industrial cities across the Kingdom to over 4.8 million square meters.

The increase is in response to the growing demand for its services and to provide a comprehensive range of logistics products, reported the Saudi Press Agency on Thursday.

MODON is participating in the international trade fair, Transport Logistics, Asia's leading trade fair for logistics, transportation, information technology, and supply chain management. The event is taking place in Shanghai, China, from June 25 to 27, 2024.

MODON is participating within the National Industrial Development and Logistics Program (NIDLP) pavilion to promote industrial investment opportunities and logistical projects in industrial cities. They will also be introducing the incentives and capabilities that MODON offers to both local and foreign investors.

Under the vision of Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia, MODON is responsible for developing and supervising several logistics centers as part of the general plan for logistics centers that was launched in August 2023. The goal is to develop 59 logistics centers with a total area exceeding 100 million square meters.

MODON is committed to supporting and facilitating industrial and logistical investment opportunities. To this end, it provides investors with a comprehensive package of services and products. These include the development and operation of specialized warehouses, dry and refrigerated warehouses, warehouse areas, yards, and centers for shipping truck services.

This comprehensive offering underscores MODON's commitment to providing a conducive environment for industrial and logistical investment.

MODON is diligently following an ambitious plan to develop industrial cities in line with its objectives. These cities are designed to attract investment, empower the industry, and ensure stability.

The developed land areas have expanded, exceeding 209 million square meters. They currently encompass over 6,600 industrial and logistical facilities to enhance local content and maximize exports, all in line with the goals of Saudi Vision 2030.