Colombia's Trade Minister Diana Marcela Morales and Venezuela's Coromoto Godoy led the launch in Caracas of the Follow-up Commission for Partial Scope Agreement No. 28. The commission aims to address trade bottlenecks at the border, prioritizing faster border crossings, lower logistics costs, and harmonized sanitary and phytosanitary requirements.
In Caracas, Colombia's Minister of Trade, Industry and Tourism Diana Marcela Morales and Venezuela's Coromoto Godoy headed a meeting with technical teams to activate the Follow-up Commission for Partial Scope Agreement No. 28. This body aims to organize and ease bilateral trade by tackling border bottlenecks affecting goods flow, especially in the agroindustrial sector where times, costs, and certifications influence competitiveness. Morales stated that “the trade between Colombia and Venezuela is not circumstantial: it is a relationship sustained by a shared history and, above all, the potential to consolidate as a complementary economy,” adding that the space helps solidify a recovering trade relationship needing clear rules and institutional stability. The agenda covers productive integration with industrial linkages, plus a medium-term roadmap incorporating services, institutional cooperation, and investment facilitation. It also began a technical analysis to identify products Colombia imports from other markets and assess if Venezuela can supply them competitively. Morales stressed: “These are ultimately the factors that determine the conditions under which one competes and how national value added is integrated into exchanges between both countries. That is why they are central to any economic integration process.”
