Colombia Signed Deal With Venezuela To Improve Trade

As per the latest news, Colombia and Venezuela entered into an agreement to restore trade between these two nations and lift import duties on dozens of manufactured goods during a ceremony on a border bridge. The agreement is signed by both Colombia’s President Gustavo Petro and Venezuela’s President Nicolas Maduro.

Maduro stated at the event, “The arrangement provides details on everything related to tariffs, good trade, as well as establishes the groundworks for a new dynamic, for the development of trade between Colombia and Venezuela.”

Diplomatic & trade relations started as course of normalization in September 2022 after Petro was introduced in Bogota last August after pledging during his mission to normalize diplomatic arrangements with the government in Caracas.