The meeting announced the progress made towards finalizing the negotiations on the Agreement on the
Promotion and mutual protection of investments. (Photo: PL)
CARACAS, 18th January (RHC) – The governments of Venezuela and Colombia on Wednesday held technical roundtables aimed at pushing forward the resumption of trade ties.
Colombian Ambassador Armando Benedetti reported on his Twitter account that Partial Agreement 28 and a draft investment protection agreement derived from the joint statement by Presidents Nicolás Maduro and Gustavo Petro earlier this month were under review.
Both first leaders held a second meeting in Caracas on January 7, which Maduro described as comprehensive and fruitful.
We have a clear common path of work that will continue to produce positive results for our countries in a number of areas. Long live the union between Colombia and Venezuela! Said the ruler on his Twitter account.
In a joint statement released after the meeting at the Miraflores government headquarters, the heads of state celebrated the good relations and constant communication between the two nations to achieve common goals.
He indicated that the Bolivarian Republic, as a guarantor country, would support the Colombian executive in its goal of maintaining the bilateral ceasefire and total peace in the neighboring nation.
The meeting announced the progress made in concluding negotiations on the Agreement on the Promotion and Mutual Protection of Investments, which will facilitate and encourage cross-border direct investments.
Among other things, these will promote technology transfer, the formation of value chains and the productive and sustainable development of Caracas and Bogotá.
The note noted that progress was reported in opening border bridges between Colombia and Venezuela, which made it possible to improve the conditions of citizens living in the border areas.
He added that instructions will be given to local and regional border authorities to complete the process of opening all border crossings to international freight and passenger traffic, both public service and private vehicles.
Likewise, a technical commission will be set up to build and formulate connectivity projects between the Caribbean Sea and the Colombian Pacific. (Source:PL)