Relationship of Saudi Arabia and the United States
Introduction
As is known, the international system is a complex and dynamic structure in which various actors converge. The behaviors and guidelines of these have an influence on the policies and contexts of the other participants who are part of this system. In this sense, the simple fact that Colombia belongs to this framework, already presupposes collateral effects for the territory. This conflict represents a threat to Colombia in two different roads, an indirect and a direct. In terms of indirect risk, the Colombian nation is involved, since in this conflict it is present, the United States, which is one of the greatest political and commercial allies of the Colombian nation.
Developing
The United States has a clear position in the face of the dispute between Saudi and Iran Arabia and this is because this is currently one of the strongest allies in Saudi Arabia. The relations of Arabia and the United States are based on economic and strategic factors, since Saudi Arabia is one of the world’s largest oil -producing countries in the world. According to the figures of the Observatory of Economic Complexity, 13% of the oil that the United States is, is from Saudi Arabia. Similarly, according to the newspaper El Espectador, Trump has signed contracts with Saudi Arabia for 380.000 million dollars to combat Iranian influence and the United States withdrew from the nuclear agreement with Iran.
Which limited the nuclear program of the latter, through the sanctions against him. During the development of the dispute, the United States has been directly affected, mainly to the imperative of the external connections indicated by Jordán (2018). According to the Expansión magazine, specialized in economics and finance, in mid -May 2019, four Saudi Arabia ships in front of Emirates coasts were beaten, causing significant damage, which one of them was going to be loaded with raw to be destined for theNorth American country. Likewise, in September 2019.
The largest refinery in Saudi Arabia, called Aramco, was the victim of a drone attack that caused an explosion and caused oil production to be stopped in that country and that 5% of global oil production was paralyzed, thus increasingoil prices. This has caused the US oil supplies to be seen in a limited way. Also, it has brought negative consequences regarding stability and economy, since the paralysis of crude oil production causes their prices to increase, then, the United States must buy them using a greater amount of money.
Affecting its internal dynamics and reducing its GDP. Similarly, oil prices are being unstable, which hinders the international market. The United States when facing these situations, has to be forced to redefine political relations and economic flows with other countries, mainly with Colombia. In terms of politics, the United States has helped the territory in economic investment and technical assistance for the creation of strategies for the eradication of drug trafficking, inequality, and ensuring human rights. But if the dynamics of the oil market continue to disturb the conflict between Saudi Arabia and Iran.
The political and economic stability of the United States will be at stake, which will make it difficult for Colombia and the United States. In economic terms, according to data from the Ministry of Commerce, Industry and Tourism (2018), in the period from January to December of the year, the main export destination was the United States, representing 25.4% of the total exports, whilethat 25% of the total imports came from this same country.
Likewise, the United States was the second country in 2018, which contributed to the growth of exports, with a total of 12.986 million US $. However, these flows at the end of 2019 and at the beginning of 2020 will change substantially. According to BNP Paribas, the growth projection for Colombia in 2020 will be 2.8% with respect to the projection that was initially 3.5%. This is due to global pressures and instability of the price of oil. Likewise, the entity indicates that Colombia’s exports to the United States will possibly be reduced by 0.3% due to the turbulence of the international system related to the oil sector.
This affects Colombia, since the country exports approximately 4.0% of its oil to the United States, which, at first glance, does not seem an exorbitant figure, will have consequences on the internal dynamics in the short term. Finally, in direct risk, Colombia is affected in political and financial relations with one of those involved in the conflict. In 2018, Colombia and Saudi Arabia strengthened their commercial, diplomatic and cooperation ties related to the energy sector. Similarly, economic relations were strengthened and have contemplated agreements to stabilize the oil market.
conclusion
This has been a bit hindered by the dispute between Iran and Saudi Arabia, since it has made it difficult for export currents between Colombia and this country to not be raised since 2011, the year in which the first time were established therelationships between the two nations. It has not been possible for Colombia. For this reason, the country has made different pronouncements, repudiating the facts against Arabia, and calling the international community to solidarize the situation and balance oil production.
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