Colombia, Venezuela ink new trade deal
01/12/2011 11
Tin đọc nhiều
Colombia and Venezuela Monday signed a new trade deal, among other agreements, during an official visit by Colombian President Juan Manuel Santos.
After extensive talks at the Miraflores Palace, seat of the Venezuelan government, the two sides inked 11 deals, including a framework agreement that sets new regulations for the bilateral trade that is worth 7 billion U.S. dollars annually.
The deal carried much importance for Venezuela, which withdrew from the Andean Community of Nations (CAN) trade pact earlier this year, of which Colombia is a member.
Venezuelan President Hugo Chavez and Santos stressed the importance of the bilateral trade, which experienced a slump in 2009 due to a diplomatic crisis between the two countries.
Source: Xinhua News
- Private sector expected to drive national economy
- Businesses capitalize on recovery momentum to explore market expansion
- Việt Nam has opportunities to attract, develop the offshoring market
- Workshop talks human resources development for semiconductor industry
- Strengthening consumer protection and improving debt collection critical to promote consumer lending development: conference