A new chapter in economic cooperation between Venezuela and Colombia begins with the signing of the agreement between the two countries to create a Zone of Peace, Union, and Development.

Venezuelan Foreign Minister Yván Gil reported on this alliance signed last Thursday, July 17, which seeks to “promote regional stability and economic cooperation between the two nations.”

Gil “highlighted that the signing of the Memorandum of Understanding for the creation of the first Binational Economic Zone of Peace, Union, and Development is the result of the alliances established between Presidents Nicolás Maduro and Gustavo Petro.”

This new bilateral agreement is expected to increase trade and exchange between the two countries, “as well as interconnection between them. The Foreign Minister affirmed that this initiative will align efforts to develop this region and promote national progress.”

M.Pino

Source: radiomundial

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Trade between Venezuela and Colombia grew 25.1 % in January of this year, reaching a volume of $80.2 million.

Data published by the Venezuelan-Colombian Chamber (Cavecol) shows that despite the increase, “Venezuelan exports to Colombia experienced a contraction of 7.8 %, remaining at $12.8 million.”

According to Cavecol, this situation is a result “not only of the beginning of the year, but also of the instability in terms of the environment, which is directly related to market confidence and fluidity.”

Among the Venezuelan products whose exports to Colombia grew in January are: fertilizers, iron and steel castings, aluminum and its manufactures, fuels and oils, and organic chemical products.

Regarding imports of Colombian products, a notable increase of 34.2 % was recorded in the first month of 2025, reaching a total value of $ 67.4 million.

“This reflects the high complementarity and efficiency of Venezuelan-Colombian trade in terms of nearshoring, where Colombia can broadly and quickly supply (land transportation and logistics) the demand for Venezuelan products,” indicated Cavecol.

M.Pino

With information from Finanzas Digital and other national and international media

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The Bitcoin Tour 2024 will take place on March 22 and 23 in Cúcuta, Colombia, at the Hotel Casino Internacional. It will bring together experts from Venezuela and the neighboring country in the areas of cryptocurrencies, blockchain technology and associated topics.

The Bitcoin Tour was launched for the first time in 2016. This year it will be in Colombia, where attendees will be able to learn details of the current bitcoin market, the next halving that could initially occur in April and the future of the main digital currency on the market.

According to the organizers, this year’s edition is aimed at professionals from Colombia and Venezuela, with the purpose of “providing a comprehensive and cutting-edge vision of current trends, regulatory challenges and emerging opportunities within the world of cryptocurrencies.”

There will be two days of exhibitions, workshops and work tables for the exchange of experiences, knowledge and proposals regarding cryptocurrencies and related topics.

M.Pino

Source: cointelegraph

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