Sunday, February 25, 2024

Exports from Colombia to Venezuela increased by 6.5 percent

According to the note issued by the Ministry of Commerce, Industry, and Tourism, of the total amount, 95 percent corresponds to non-mining energy items, that is, 640.2 million dollars, for a growth of 6.3 percent compared to 2022.

In all borders, airports, and ports, the statement said 370,090 tons were shipped, an 8.4 percent growth in the volume of sales.

The Minister of Commerce, Industry, and Tourism, Germán Umaña, emphasized that progress is being made purposefully and positively in the process of rebuilding our relationship with Venezuela.

“We have a deepening of the Partial Scope Trade Agreement that undoubtedly promotes this relationship,” he said.

The owner added that there is still significant room to increase trade, “and that is why we are working together to promote the construction of supply chains, which allow us to take advantage of economic complementarities.”

He detailed that an investment protection agreement was also negotiated with the neighboring country, which is being processed by the Congress of the Republic and is awaiting the final debate.

In addition, he explained, events such as the Binational Macrorrueda are presented, and there is constant analysis between the two countries.

“Our work continues. We are looking for the benefit of the citizens on both sides of the border and to promote economic justice,” said Umaña.

In 2023, Venezuela’s export basket will consist of a diverse supply of products, according to the statement.

Chocolates, candies, and sweets, for example, represent 7.1 percent of the total supply, and their exports grew 21.9 percent compared to 2022.

The process of rebuilding economic and commercial relations between Colombia and Venezuela began in September 2022.

World Nation News Desk
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