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October 14, 2022
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What does the bilateral agreement between Fenalco and Fedecamaras consist of?

What does the bilateral agreement between Fenalco and Fedecamaras consist of?

In order to promote binational trade and investment in strategic sectors, Fenalco and Fedecamaras de Venezuela signed a cooperation agreement within the framework of the National Congress of Merchants, Nexos 2022, which will have the support of the Development Bank of Latin America (CAF).

(‘The reform hits savings, investment and consumption’: Fenalco).

The signing of the agreement was headed by Carlos Fernández Gallardo, president of Fedecamaras; Jaime Alberto Cabal Sanclemente, president of Fenalco; and as a witness was the Minister of Commerce, Industry and Tourism, Germán Umaña Mendoza.

According to Carlos Fernández Gallardo, president of Fedecamaras, this agreement in some way “reaffirms the institutionality of the private sector, which is necessary to regain confidence, especially in this process that is coming within commercial relations and the reopening of the border”.

For his part, the president of Fenalco, Jaime Alberto Cabal, pointed out that this agreement will make it possible to work for the reconstruction of relations with Venezuela. “We are going to materialize this agreement with the first trade mission in November where more than 100 businessmen will participate in a business roundtable,” he said.

In his speech, the Minister of Commerce, Industry and Tourism, Germán Umaña Mendoza, highlighted his support for merchants, as well as his support for trade relations with the neighboring country.

(Selling Colombia as a country that is very good to invest: Ocampo).

Cooperation Areas

Among the points that this cooperation seeks, the following stand out: making the products of the Colombian industry visible, as well as highlighting the marketing channels that drive the development and economy of both countries; put at the service of the companies affiliated with Fenalco the platforms developed by Fedecamaras that connect suppliers and buyers, in order to accelerate their digital transformation.

Regarding the studies, both unions may promote studies based on purchases and disaggregation of the demand of affiliated companies.

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