FARC reintegration chief assassinated in south Colombia
“Corruption cost Colombia’s peace process $119M”
Colombia suggests top guerrilla leader killed in Venezuela
Renowned economist designated Colombia’s new finance minister
Truth Commission: Colombia needs radical policy changes to...
Colombia’s controversial moment of truth
At least 49 dead after ‘prison break attempt’...
Colombia’s incoming government begins “total peace” offensive
Colombia investigating bullfighting tragedy
Petro’s first moves to restructure Colombia’s government
  • About
  • Support
  • Newsletter
  • Contact
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 ministers to meet over debt

by Adriaan Alsema January 24, 2011

Colombia news - Sergio Diaz-Granados

Colombia’s trade minister will travel to Caracas in February to meet with his Venezuelan counterpart and evaluate the payment of debt to Colombian exporters.

Trade Minister Sergio Diaz-Granados told press Sunday he “will travel on February 14 to continue the process of the payment of debt.”

Colombian exporters claimed Venezuelan importers owe them $800 million after Venezuelan President Hugo Chavez imposed a trade block in July 2010 following clashes with Colombia’s then president Alvaro Uribe.

According to Venezuela’s currency watchdog, Colombian exporters will only receive $600 million after a revision to filter “simulated imports,” “overbilling and other perversions in order to obtain (foreign) currency.” According to Venezuela, $500 million of this debt has already been paid.

However, according to Diaz-Granados, only $300 million has been paid, and many exporters are left empty-handed.

The minister said he was confident Venezuela will pay back 100 percent of the debt because it is “fundamental” for a “healthy” relation between the two neighbors.

economyexportstradeVenezuela

Trending

  • At least 49 dead after ‘prison break attempt’ in west Colombia

  • Truth Commission: Colombia needs radical policy changes to end conflict

  • Renowned economist designated Colombia’s new finance minister

Related articles

  • Colombia suggests top guerrilla leader killed in Venezuela

  • “Colombia’s most wanted FARC dissident killed in Venezuela”

  • Gross domestic product

  • RSS

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


Back To Top