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Venezuela and Colombia sign trade deal
By E.C.V. & ASOCIADOS
Venezuela and Colombia signed a trade agreement to update tariffs and regulations, among other things, in a long awaited deal after political differences stopped relations between both countries.
The full reopening of the Venezuela-Colombia 2,200-kilometer border started in September 2022.
According to AFP, in 2008 trade between the two countries reached USD7.2 billion, before plummeting to around USD400 million during the diplomatic rupture. Resumption of normalized trade has brought that figure back up to USD1.2 billion in 2022, according to estimates by the Colombian-Venezuelan Chamber of Integration.
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