Venezuela, Colombia Re-launch Relations
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Venezuela, Colombia Re-launch Relations
Caracas - Venezuela and Colombia
relaunched their economic relationship with
the signing of five documents to empower
bilateral links, in spite of the different
political and ideological positions of their
governments.
On Tuesday, in the presence of the
respective Presidents of Venezuela and
Colombia, Hugo Chavez and Álvaro Uribe,
three letters of intent, a memorandum and an
agreement were signed for import licensing
with the purpose of empowering commercial
relationships.
The first document refers to the
constitution of a strategic binational fund,
in the amount of 200 million dollars with
the objective of promoting and financing
projects in several areas.
Other agreements were the grant of a license
so that Venezuela imports 10,000 vehicles
from Colombia and a letter of intent to
evaluate the possible use of local
currencies in commercial exchanges.
They also signed a letter of intent to
establish a credit line and to foster trade,
in addition a memorandum of understanding to
take electric power from Puerto Inírida
(Colombia) to San Fernando of Atabapo
(Venezuela).
In a press report, offered by both leaders
in the Palace of Miraflores, Venezuela,
Chavez stated that they have relaunched
their relationship and will not let them be
disrupted by any event, whatever it may be,
under whatever circumstance.
The Venezuelan Head of State highlighted the
commercial exchange between the two
countries, next to 7 billion dollars. He
also proposed the creation of an oil
pipeline, at the same time that he opened
the doors to Colombia to participate in the
oil strip of Orinoco.
Chavez ratified his willingness to
contribute to the peace of Colombia, and at
the same time he called on the armed groups
to cease their activities.
Another topic addressed was the border
dispute of the Gulf of Venezuela. Although
the leaders did not discuss it at length
during their several hour meeting, Uribe and
Chávez agreed upon the necessity of solving
this issue.
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