Colombia and Venezuela sign bilateral trade agreement

[Judi Lynn]

Colombia and Venezuela sign bilateral trade agreement
Monday, 28 November 2011 16:49
Miriam Wells

Colombian President Juan Manuel Santos and his Venezuelan counterpart Hugo Chavez announced the bilateral lifting of tariffs on 3,500 products, following a meeting Monday.

Santos said the aim was to recover trade between the two countries, which at its height had been worth $7,000 million.

The two leaders also signed a bilateral agreement to extend a Venezuelan pipeline to Panama and Ecuador. Santos also signalled the possibility of joint oil exploration and extraction between the two countries.

The Colombian president said, "I am very pleased with the signing of these agreements," which he believed would bring great benefits for people of both countries. "That's what integration is about," he added.

More:
http://colombiareports.com/colombia-news/news/20741-colombia-and-venezuela-sign-bilateral-trade-agreement.html

[Bacchus39]

1. sounds similar to the US-Colombia FTA n/t

s

[ChangoLoa]

2. Colombia produces, Venezuela consumes.

Santos is as happy as a monkey in a tramway.