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Colombia and Venezuela reactivate neighborly trade

Tuesday, November 6, 2012

Over the last five years, Venezuelan-Colombia bilateral trade has been overshadowed by political instability, particularly after Venezuelan President Hugo Chávez and his then counterpart Álvaro Uribe engaged in a dispute.

But Colombian government data shows that from January though August this year, Venezuela purchased $1.8 billion in goods from Colombia, 70 percent more than in the figure recorded during the same period of last year.

Meanwhile, Venezuelan exports to Colombia are growing at a much slower pace, reporting only a 12.3 percent increase from January through August.

Source: El Universal