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As Colombia and China strengthen their commercial relationship, the implications for regional geopolitics and the future of the Belt and Road Initiative will remain a central issue.

The outlook change reflects Fitch’s anticipation of improved business profile and financial performance following the ongoing merger with HDI Seguros S.A.

Fitch says it would also consider a further upgrade if Gran Tierra diversifies its operations and enhances oil and gas sales prices.

While fresh fruits like papaya, mango, and pineapple saw price reductions, products such as lime and avocado experienced increases.

Despite political reluctance for tax hikes, property tax adjustments may aid in covering potential revenue gaps.