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Venezuela and Colombia evaluate establishing an agreement in the fishing and aquaculture sector

Venezuela and Colombia evaluate establishing an agreement in the fishing and aquaculture sector

Authorities from the governments of Venezuela and Colombia evaluated, through a videoconference, the formation of a binational fishing and aquaculture committeewhich allows the signing of a cooperation agreement, the Ministry of Fisheries and Aquaculture of the Caribbean country reported this Wednesday.

(Read here: ‘Our goal is an FTA with the United States’: Javier Milei)

The State portfolio indicated, in a press release, that officials from both nations exchanged “experiences” to give impetus to “scientific cooperation, evaluate the value of shared fishing resources and develop joint projects”

Likewise, he said that, once the binational committee is installed in this sector, the development of investment projects will be facilitated. “joint investigation”, as well as the “resolution of binational issues” in fishing topics.

Last November, Venezuela and Colombia held a business conference in Caracaswith a view to increasing trade relations between both countries.

A total of 15 Colombian companies met with around 200 Venezuelan companies to learn about their products, with a view to signing a set of contracts that boost relations in this area, according to the president of the Caracas Chamber of Commerce, Diego Romero.

(See here: Uncertainty in Venezuela one month after the inauguration of the Presidency)

Bilateral trade – carried out, mainly, across the land border – reached 697 million dollars between January and August of this year, an increase of 36% compared to the 510 million in the same period of 2023, according to the Venezuelan-Colombian Economic Integration Chamber (Cavecol).

It is estimated that, at the end of 2024, the figure will exceed 1 billion dollars, according to what the Colombian Foreign Minister said in September.Luis Gilberto Murillo, after a meeting with the governors of the border area with Venezuela.

Caracas and Bogotá resumed their diplomatic relations, broken in 2019, after the arrival to power in Colombia of President Gustavo Petro, a process that advanced with the reopening of the border, after seven years closed to vehicular passage, and with the reactivation of the connection aerial.

EFE

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