🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

Colombia, Venezuela presidents discuss investment, trade

Published 01/07/2023, 05:28 PM
Updated 01/07/2023, 05:31 PM
© Reuters. Venezuela's President Nicolas Maduro and his Colombian counterpart Gustavo Petro meet at Miraflores Palace, in Caracas, Venezuela January 7, 2023. REUTERS/Leonardo Fernandez Viloria

By Deisy Buitrago

CARACAS (Reuters) - Colombian President Gustavo Petro and his Venezuelan counterpart Nicolas Maduro discussed binational investment and trade at a meeting in Caracas on Saturday, the Colombian government said.

The countries have renewed political ties since Petro took office in August 2022, reopening trade and promising to work together on issues including agriculture and management of borders.

Discussions at the meeting, the presidents' second, centered on similar topics as when they first met in October - management of a newly re-opened border, efforts to increase trade and the peace talks that Bogota is holding with rebel group the National Liberation Army (ELN), Petro's office said in a statement.

"We had a complete and very fruitful meeting. We have a clear joint work plan that will keep giving positive results for our countries," Maduro said on Twitter.

The two men have previously said they could strengthen cooperation over Monomeros, a Colombia-based fertilizer producer which is owned by Venezuelan state chemical company Pequiven. Colombia's finance minister has said his country may be open to buying Monomeros.

Venezuela is a guarantor country at Colombia's talks with the ELN and hosted the first round of negotiations between the two sides, which ended in December.

© Reuters. Venezuela's President Nicolas Maduro and his Colombian counterpart Gustavo Petro meet at Miraflores Palace, in Caracas, Venezuela January 7, 2023. REUTERS/Leonardo Fernandez Viloria

Caracas broke off relations with Bogota in 2019 after Venezuelan opposition activists tried to send aid trucks from Colombia. Maduro's government said it was a front for an attempted coup.

Previous governments in Bogota have accused Maduro of harboring Colombian rebel groups and criminals, accusations he has denied.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.