Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
  • About us
  • Support us
  • Contact Us
  • Intelligence
  • Advertising
  • Newsletter
Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
Economy

Colombia: Venezuela trade will never be fully restored

by Hannah Stone September 15, 2010

sergio diaz-granados, colombia

Colombia’s Trade Minister says that bilateral trade with Venezuela will never be restored to its level of before the diplomatic crisis in 2009.

“Clearly trade with Venezuela will never be what it was in the past,” Minister Sergio Diaz-Granados told Reuters.

“The Venezuela with which we will work in the coming years is very different from the one we have worked with in the last 10 or 15 years,” said the official. “It is good to respect what they want and thus be able to reach an approximation of some kind of commercial relationship.”

Venezuela was Colombia’s second biggest export market until Venezuelan President Hugo Chavez blocked imports from the neighboring country in late 2009, in response to Colombia’s signing of an agreement governing U.S. access to Colombian military bases.

Colombia’s exports to its neighbor dropped 77% between January 2009 and January 2010 as a direct consequence of the ban.

Venezuelan importers built up an $800 million debt to Colombian while trade restrictions were in place.

In the interview, Diaz-Granados told Reuters that $72 million of this debt has already been paid back to Colombian exporters.

Sergio Diaz-GranadostradeVenezuela

Trending

  • Tensions in Colombia over lost COVID-19 vaccine shots

  • Colombia’s COVID-19 vaccination campaign shows first cracks

  • Coronavirus crisis bankrupted 500K of Colombia’s small businesses

Weekly interviews and news updates

Related articles

  • Duque’s fear for Colombia’s migrant votes

  • Colombia to legalize migrant status of all undocumented Venezuelans

  • Colombia’s COVID vaccine ban for Venezuela’s undocumented: ethnic cleansing?

  • Facebook
  • Twitter
  • Linkedin
  • RSS

@2008-2019 - Colombia Reports. All Rights Reserved.
Powered by Digitale Zaken and Parrolabs


Back To Top