Venezuela and Colombia sign investment agreement

The president of Venezuela, Nicolás Maduro, signed this Friday in Miraflores, an investment agreement with Colombia for the economic development of both countries

This Friday the President of the Republic, Nicolás Maduro, signed an agreement for the promotion and reciprocal protection of investments with the Republic of Colombia, in order to strengthen economic development between both nations.

The Executive Vice President of the Republic, Delcy Rodríguez, had anticipated through a press release posted on her Twitter account, that Venezuela and Colombia established a reciprocal investment protection agreement, which would be signed in due course, to then formulate the required procedures. by both nations.

In the statement released by the Executive Vice President, it was noted that the establishment of this negotiation was advanced and also the revision of the Partial Scope Agreement number 28. “This agreement has no precedents in the bilateral relationship and seeks to generate greater legal security for the reciprocal investments in all the productive sectors of both economies”, outlined the document.

The verification of Partial Agreement No. 28 has not been reviewed since 2012, the date it entered into force. “This agreement regulates the bilateral trade of goods and addresses aspects such as dispute resolution, among others.”

The meeting where the agreement was signed took place at the Miraflores Palace in the city of Caracas. On behalf of Colombia, the Minister of Commerce, Industry and Tourism of Colombia, Darío Germán Umaña, was present, who described this fact as a “historical milestone”.

“It is a historical milestone, and what we are doing (…) is an example for Latin America. It is a symbol of integration, of service, of creating (…) complementarity, for development,” emphasized Umaña, in statements broadcast by the State channel.


Taken from DobleLlave and with information from national media and social networks

(Reference image source: presidential press)

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