January 22nd, 2023
Via Bloomberg, a report on Colombia and Venezuela’s steps to cement warmer ties after years of tension:
Colombia and Venezuela reached an agreement to strengthen investment protections between the two nations, the latest accord to cement warmer trade relations between the South American neighbors.
The agreement is the culmination of talks that sought to “promote joint development” and establish “clear rules” for investment and bilateral commerce between the two nations, according to a statement posted on Twitter by Venezuela Vice President Delcy Rodriguez.
The countries also made progress in revising the terms of a 2012 trade pact, Rodriguez said. The agreement will be sent to the presidents of both nations for their signatures, according to the statement.
“Venezuela and Colombia are moving forward in strengthening and normalizing commercial ties,” Rodriguez wrote.
The accord further deepens renewed ties between Colombia and Venezuela, which re-established diplomatic relations in late 2022 after Colombia’s President Gustavo Petro took office.
Earlier this month, Petro and Venezuela’s President Nicolas Maduro announced an agreement to bolster border trade, making it easier for goods and people to cross. In that meeting, the leaders also said they would create a commission to connect the Caribbean Sea and Colombia’s Pacific Coast.
Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.