The authorities of Colombia and Venezuela are working to coordinate the opening of a common border, and the solution of this issue will depend on the legal conditions and the general restoration of bilateral relations. Colombian Commerce Minister German Umana during the forum in the city of Cucuta near the border of the two countries.
The reopening will not be accompanied by a boom in trade in the short term, the official said, but will allow it to regain control of an area now engulfed in illegal economy and smuggling.
Umana noted that the trade turnover between Colombia and Venezuela in 2022 could reach more than $600 million. He added that in the first half of the year, the trade turnover between the two countries reached $316 million, which is comparable to the figures for the entire last year.
Bilateral relations between Colombia and Venezuela were severed in early 2019 after Caracas spoke out against US-backed Venezuelan opposition members trying to…