IBOV 177,158.86 ▲ 1.88% IPSA 11,030.67 ▲ 0.87% IPC MEX 67,327.01 ▲ 1.28% MERVAL 3,304,918 ▲ 2.22% COLCAP 2,342.44 ▲ 1.64% BVL PERÚ 57,107.38 — — USD/BRL5.07▲ 0.23% USD/MXN17.33▼ 0.10% USD/CLP925.97▼ 0.82% USD/COP3,117▼ 2.62% USD/PEN3.38▼ 0.17% USD/ARS1,489▼ 0.03% USD/UYU40.22▲ 1.36% USD/PYG5,941▲ 0.85% USD/BOB11.80▲ 5.38% USD/DOP57.95▲ 0.07% USD/CRC449.30▲ 1.50% USD/GTQ7.63▲ 2.32% USD/HNL26.76▲ 0.39% USD/NIO36.62▲ 0.34% USD/VES744.76▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.39▲ 0.60% USD/TTD6.75▲ 1.33% EUR/BRL5.84▼ 0.66% BRENT 88.70 ▼ 0.37% WTI 83.07 ▼ 0.62% IRON ORE 161.91 — — COPPER 6.51 ▲ 0.97% GOLD 4,113 ▲ 0.30% SILVER 58.30 ▼ 0.88% SOY 1,189 ▲ 0.96% CORN 467.00 ▲ 4.77% WHEAT 658.50 ▼ 0.75% COFFEE 309.40 ▼ 4.23% SUGAR 14.58 ▲ 1.04% ORANGE JUICE 145.95 ▲ 5.80% COTTON 81.11 ▲ 2.14% COCOA 5,430 ▲ 6.22% BEEF 227.45 ▼ 0.20% CATTLE 342.60 ▼ 0.49% LITHIUM 69.81 ▲ 4.60% PETR4 42.84 ▲ 2.00% VALE3 76.09 ▲ 1.39% ITUB4 42.74 ▲ 2.20% BBDC4 18.39 ▲ 0.22% ABEV3 15.96 ▲ 0.38% BBAS3 21.19 ▲ 1.97% B3SA3 15.63 ▲ 2.02% WEGE3 46.82 ▲ 2.59% PRIO3 59.96 ▲ 2.65% SUZB3 42.73 ▲ 1.02% RENT3 38.23 ▲ 2.11% AZZA3 15.86 ▼ 1.80% CSAN3 3.99 ▲ 2.57% RAIZ4 0.26 — 0.00% PCAR3 2.74 ▼ 2.49% GMAT3 3.98 ▲ 2.31% PSSA3 54.35 ▲ 1.00% CVCB3 1.30 ▲ 1.56% POSI3 3.52 ▼ 0.85% SLCE3 13.26 ▲ 1.30% NATU3 8.33 ▲ 0.73% BRKM5 5.93 ▲ 3.67% RANI3 8.03 ▲ 0.88% CSNA3 4.95 ▼ 4.81% CMIN3 5.72 ▼ 4.35% USIM5 7.55 ▼ 9.25% GGBR4 24.98 ▲ 0.77% ENEV3 26.15 ▲ 1.08% CPFE3 46.09 ▲ 2.90% CMIG4 11.23 ▲ 2.09% EQTL3 38.66 ▲ 2.22% LREN3 13.52 ▲ 1.20% VIVT3 32.63 ▲ 0.28% RAIL3 14.28 ▲ 2.37% KLABIN 18.05 ▲ 0.17% RAIA DROGASIL 18.25 ▲ 2.76% RDOR3 34.42 ▲ 1.68% HAPV3 11.01 ▲ 4.36% FLRY3 16.97 ▲ 0.83% SMTO3 14.40 ▲ 0.91% UGPA3 32.92 ▲ 2.88% VBBR3 35.63 ▲ 2.98% BBSE3 40.86 ▼ 0.15% BPAC11 56.62 ▲ 3.59% CURY3 30.40 ▲ 5.37% AERI3 2.13 ▲ 0.95% VIVARA 22.16 ▼ 0.85% COMPASS 24.84 ▲ 2.60% VAMOS 3.42 ▲ 3.32% SANB11 25.25 ▼ 1.48% ASAI3 8.41 ▲ 1.33% SBSP3 27.41 ▲ 3.01% WALMEX 50.34 ▲ 1.78% GMEXICO 212.28 ▲ 2.66% FEMSA 219.70 ▲ 3.56% CEMEX 20.72 ▲ 0.63% GFNORTE 200.90 ▲ 2.13% BIMBO 60.83 ▲ 1.59% TELEVISA 9.94 ▲ 0.81% AMX 21.99 ▲ 0.73% GAP 382.13 ▲ 0.81% ASUR 276.56 ▲ 1.69% OMA 233.94 ▲ 0.55% KOF 189.04 ▲ 1.18% GRUMA 268.28 ▲ 0.39% KIMBER 40.34 ▼ 0.25% SQM-B 63,290 ▼ 0.80% COPEC 6,300 ▲ 1.78% BSANTANDER 80.70 ▲ 0.57% FALABELLA 6,220 ▲ 0.06% ENELAM 87.65 ▲ 1.11% CENCOSUD 1,945 ▲ 1.35% CMPC 1,030 ▼ 0.49% BANCO CHILE 196.80 ▲ 3.04% LATAM AIR 24.90 ▲ 2.05% YPF 81,400 ▲ 2.04% GGAL 8,015 ▲ 2.82% PAMPA 5,525 ▲ 2.89% TXAR 648.00 ▼ 1.52% ALUAR 979.00 ▲ 0.62% TGS 9,820 ▲ 3.26% CEPU 2,407 ▲ 5.06% MIRGOR 16,725 ▲ 1.06% COME 44.75 ▲ 4.95% LOMA NEGRA 3,690 ▲ 0.48% BYMA 299.00 ▲ 0.34% TELECOM ARG 4,355 ▲ 1.52% ECOPETROL 17.04 ▲ 3.90% BANCOLOMBIA 93.89 ▲ 4.94% GRUPO AVAL 5.17 ▲ 5.41% CREDICORP 402.27 ▲ 4.78% SOUTHERN COPPER 185.00 ▲ 5.43% BUENAVENTURA 31.86 ▲ 5.43% MERCADOLIBRE 1,886 ▲ 1.20% NUBANK 14.49 ▲ 3.21% XP 17.20 ▲ 5.46% PAGSEGURO 9.84 ▲ 3.14% STONE 11.43 ▲ 4.29% GLOBANT 36.39 ▼ 4.61% TECNOGLASS 43.59 ▼ 2.87% GAP AIRPORT 219.58 ▲ 1.20% ASUR 276.56 ▲ 1.69% OMA AIRPORT 108.09 ▲ 1.61% AMX ADR 25.33 ▲ 1.85% FEMSA ADR 126.76 ▲ 4.71% CEMEX ADR 11.94 ▲ 2.01% PETROBRAS ADR 19.12 ▲ 2.85% VALE ADR 14.99 ▲ 2.32% ITAU ADR 8.44 ▲ 3.56% SANTANDER BR 5.06 ▲ 1.29% AMBEV ADR 3.12 ▲ 0.65% CSN 1.01 ▼ 2.43% GERDAU 4.96 ▲ 2.06% LATAM ADR 53.94 ▲ 3.63% BTC 63,625 ▼ 1.70% ETH 1,883 ▼ 1.81% SOL 73.38 ▼ 1.46% XRP 1.07 ▼ 0.97% BNB 590.11 ▼ 0.32% ADA 0.17 ▼ 0.05% DOGE 0.07 ▼ 1.49% AVAX 6.42 ▼ 0.22% LINK 8.27 ▼ 2.23% DOT 0.76 ▼ 0.66% LTC 45.10 ▼ 0.97% BCH 206.29 ▼ 4.95% TRX 0.33 ▲ 0.05% XLM 0.17 ▼ 1.41% HBAR 0.07 ▼ 0.35% NEAR 1.64 ▼ 1.99% ATOM 1.23 ▼ 4.10% AAVE 97.44 ▼ 2.01% SELIC 14.25% EMBRAER 86.14 ▲ 0.06% EMBRAER ADR 68.11 ▲ 0.67% JBS 14.29 ▲ 0.42% JBS BDR 72.15 ▼ 0.32% MBRF3 17.96 ▲ 7.80% MBRFY 3.47 ▲ 9.12% INTER 5.64 ▲ 4.25% EGX 53,442 ▼ 0.35% USD/ZAR16.53▲ 0.21% USD/NGN 1,362 — 0.00% NIKKEI 64,362 ▲ 4.03% CSI300 4,588 ▲ 0.85% HSI 25,884 ▲ 0.10% NIFTY 24,359 ▲ 0.17% KOSPI 6,595 ▲ 17.91% JCI 6,236 ▲ 0.80% USD/JPY159.87▲ 0.21% USD/CNY6.74▼ 0.23% DAX 25,836 ▲ 0.87% CAC 8,567 ▲ 0.96% FTSE 10,979 ▲ 0.75% MIB 52,605 ▲ 0.96% IBEX 19,927 ▲ 0.86% STOXX 655.28 ▲ 0.82% EUR/USD1.15▼ 0.13% GBP/USD1.35▲ 0.67% SPX 7,438 ▲ 1.66% DJI 52,208 ▲ 1.19% NDX 28,106 ▲ 3.36% RUT 2,946 ▲ 1.37% TSX 35,506 ▲ 0.49% VIX 16.67 ▼ 2.46% USD/CAD1.40▲ 0.03% US10Y 4.6630 ▲ 0.89% IBOV 177,158.86 ▲ 1.88% IPSA 11,030.67 ▲ 0.87% IPC MEX 67,327.01 ▲ 1.28% MERVAL 3,304,918 ▲ 2.22% COLCAP 2,342.44 ▲ 1.64% BVL PERÚ 57,107.38 — — USD/BRL 5.07 ▲ 0.23% USD/MXN 17.33 ▼ 0.10% USD/CLP 925.97 ▼ 0.82% USD/COP 3,117 ▼ 2.62% USD/PEN 3.38 ▼ 0.17% USD/ARS 1,489 ▼ 0.03% USD/UYU 40.22 ▲ 1.36% USD/PYG 5,941 ▲ 0.85% USD/BOB 11.80 ▲ 5.38% USD/DOP 57.95 ▲ 0.07% USD/CRC 449.30 ▲ 1.50% USD/GTQ 7.63 ▲ 2.32% USD/HNL 26.76 ▲ 0.39% USD/NIO 36.62 ▲ 0.34% USD/VES 744.76 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.39 ▲ 0.60% USD/TTD 6.75 ▲ 1.33% EUR/BRL 5.84 ▼ 0.62% BRENT 88.70 ▼ 0.37% WTI 83.07 ▼ 0.62% IRON ORE 161.91 — — COPPER 6.51 ▲ 0.97% GOLD 4,113 ▲ 0.30% SILVER 58.30 ▼ 0.88% SOY 1,189 ▲ 0.96% CORN 467.00 ▲ 4.77% WHEAT 658.50 ▼ 0.75% COFFEE 309.40 ▼ 4.23% SUGAR 14.58 ▲ 1.04% ORANGE JUICE 145.95 ▲ 5.80% COTTON 81.11 ▲ 2.14% COCOA 5,430 ▲ 6.22% BEEF 227.45 ▼ 0.20% CATTLE 342.60 ▼ 0.49% LITHIUM 69.81 ▲ 4.60% PETR4 42.84 ▲ 2.00% VALE3 76.09 ▲ 1.39% ITUB4 42.74 ▲ 2.20% BBDC4 18.39 ▲ 0.22% ABEV3 15.96 ▲ 0.38% BBAS3 21.19 ▲ 1.97% B3SA3 15.63 ▲ 2.02% WEGE3 46.82 ▲ 2.59% PRIO3 59.96 ▲ 2.65% SUZB3 42.73 ▲ 1.02% RENT3 38.23 ▲ 2.11% AZZA3 15.86 ▼ 1.80% CSAN3 3.99 ▲ 2.57% RAIZ4 0.26 — 0.00% PCAR3 2.74 ▼ 2.49% GMAT3 3.98 ▲ 2.31% PSSA3 54.35 ▲ 1.00% CVCB3 1.30 ▲ 1.56% POSI3 3.52 ▼ 0.85% SLCE3 13.26 ▲ 1.30% NATU3 8.33 ▲ 0.73% BRKM5 5.93 ▲ 3.67% RANI3 8.03 ▲ 0.88% CSNA3 4.95 ▼ 4.81% CMIN3 5.72 ▼ 4.35% USIM5 7.55 ▼ 9.25% GGBR4 24.98 ▲ 0.77% ENEV3 26.15 ▲ 1.08% CPFE3 46.09 ▲ 2.90% CMIG4 11.23 ▲ 2.09% EQTL3 38.66 ▲ 2.22% LREN3 13.52 ▲ 1.20% VIVT3 32.63 ▲ 0.28% RAIL3 14.28 ▲ 2.37% KLABIN 18.05 ▲ 0.17% RAIA DROGASIL 18.25 ▲ 2.76% RDOR3 34.42 ▲ 1.68% HAPV3 11.01 ▲ 4.36% FLRY3 16.97 ▲ 0.83% SMTO3 14.40 ▲ 0.91% UGPA3 32.92 ▲ 2.88% VBBR3 35.63 ▲ 2.98% BBSE3 40.86 ▼ 0.15% BPAC11 56.62 ▲ 3.59% CURY3 30.40 ▲ 5.37% AERI3 2.13 ▲ 0.95% VIVARA 22.16 ▼ 0.85% COMPASS 24.84 ▲ 2.60% VAMOS 3.42 ▲ 3.32% SANB11 25.25 ▼ 1.48% ASAI3 8.41 ▲ 1.33% SBSP3 27.41 ▲ 3.01% WALMEX 50.34 ▲ 1.78% GMEXICO 212.28 ▲ 2.66% FEMSA 219.70 ▲ 3.56% CEMEX 20.72 ▲ 0.63% GFNORTE 200.90 ▲ 2.13% BIMBO 60.83 ▲ 1.59% TELEVISA 9.94 ▲ 0.81% AMX 21.99 ▲ 0.73% GAP 382.13 ▲ 0.81% ASUR 276.56 ▲ 1.69% OMA 233.94 ▲ 0.55% KOF 189.04 ▲ 1.18% GRUMA 268.28 ▲ 0.39% KIMBER 40.34 ▼ 0.25% SQM-B 63,290 ▼ 0.80% COPEC 6,300 ▲ 1.78% BSANTANDER 80.70 ▲ 0.57% FALABELLA 6,220 ▲ 0.06% ENELAM 87.65 ▲ 1.11% CENCOSUD 1,945 ▲ 1.35% CMPC 1,030 ▼ 0.49% BANCO CHILE 196.80 ▲ 3.04% LATAM AIR 24.90 ▲ 2.05% YPF 81,400 ▲ 2.04% GGAL 8,015 ▲ 2.82% PAMPA 5,525 ▲ 2.89% TXAR 648.00 ▼ 1.52% ALUAR 979.00 ▲ 0.62% TGS 9,820 ▲ 3.26% CEPU 2,407 ▲ 5.06% MIRGOR 16,725 ▲ 1.06% COME 44.75 ▲ 4.95% LOMA NEGRA 3,690 ▲ 0.48% BYMA 299.00 ▲ 0.34% TELECOM ARG 4,355 ▲ 1.52% ECOPETROL 17.04 ▲ 3.90% BANCOLOMBIA 93.89 ▲ 4.94% GRUPO AVAL 5.17 ▲ 5.41% CREDICORP 402.27 ▲ 4.78% SOUTHERN COPPER 185.00 ▲ 5.43% BUENAVENTURA 31.86 ▲ 5.43% MERCADOLIBRE 1,886 ▲ 1.20% NUBANK 14.49 ▲ 3.21% XP 17.20 ▲ 5.46% PAGSEGURO 9.84 ▲ 3.14% STONE 11.43 ▲ 4.29% GLOBANT 36.39 ▼ 4.61% TECNOGLASS 43.59 ▼ 2.87% GAP AIRPORT 219.58 ▲ 1.20% ASUR 276.56 ▲ 1.69% OMA AIRPORT 108.09 ▲ 1.61% AMX ADR 25.33 ▲ 1.85% FEMSA ADR 126.76 ▲ 4.71% CEMEX ADR 11.94 ▲ 2.01% PETROBRAS ADR 19.12 ▲ 2.85% VALE ADR 14.99 ▲ 2.32% ITAU ADR 8.44 ▲ 3.56% SANTANDER BR 5.06 ▲ 1.29% AMBEV ADR 3.12 ▲ 0.65% CSN 1.01 ▼ 2.43% GERDAU 4.96 ▲ 2.06% LATAM ADR 53.94 ▲ 3.63% BTC 63,625 ▼ 1.70% ETH 1,883 ▼ 1.81% SOL 73.38 ▼ 1.46% XRP 1.07 ▼ 0.97% BNB 590.11 ▼ 0.32% ADA 0.17 ▼ 0.05% DOGE 0.07 ▼ 1.49% AVAX 6.42 ▼ 0.22% LINK 8.27 ▼ 2.23% DOT 0.76 ▼ 0.66% LTC 45.10 ▼ 0.97% BCH 206.29 ▼ 4.95% TRX 0.33 ▲ 0.05% XLM 0.17 ▼ 1.41% HBAR 0.07 ▼ 0.35% NEAR 1.64 ▼ 1.99% ATOM 1.23 ▼ 4.10% AAVE 97.44 ▼ 2.01% SELIC 14.25% EMBRAER 86.14 ▲ 0.06% EMBRAER ADR 68.11 ▲ 0.67% JBS 14.29 ▲ 0.42% JBS BDR 72.15 ▼ 0.32% MBRF3 17.96 ▲ 7.80% MBRFY 3.47 ▲ 9.12% INTER 5.64 ▲ 4.25% EGX 53,442 ▼ 0.35% USD/ZAR 16.53 ▼ 0.01% USD/NGN 1,362 — 0.00% NIKKEI 64,362 ▲ 4.03% CSI300 4,588 ▲ 0.85% HSI 25,884 ▲ 0.10% NIFTY 24,359 ▲ 0.17% KOSPI 6,595 ▲ 17.91% JCI 6,236 ▲ 0.80% USD/JPY 159.85 ▲ 0.15% USD/CNY 6.7399 ▼ 0.06% DAX 25,836 ▲ 0.87% CAC 8,567 ▲ 0.96% FTSE 10,979 ▲ 0.75% MIB 52,605 ▲ 0.96% IBEX 19,927 ▲ 0.86% STOXX 655.28 ▲ 0.82% EUR/USD 1.1513 ▼ 0.14% GBP/USD 1.3456 ▼ 0.06% SPX 7,438 ▲ 1.66% DJI 52,208 ▲ 1.19% NDX 28,106 ▲ 3.36% RUT 2,946 ▲ 1.37% TSX 35,506 ▲ 0.49% VIX 16.67 ▼ 2.46% USD/CAD 1.4016 ▲ 0.04% US10Y 4.6630 ▲ 0.89%
since 2009
Friday, July 31, 2026

Chile Venezuela

Chile Venezuela Relations Resume with Consular First Step

By · July 31, 2026 · 4 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

Chile · Politics

Key Facts

Announcement Chile and Venezuela issued a joint declaration in Santiago on July 30, 2026, to begin restoring ties.

First Step The initial phase involves reactivating consular relations only, not a full restoration of diplomatic ties.

Break Cause Diplomatic relations were suspended after Venezuela closed its Santiago embassy on July 29, 2024.

Venezuelans in Chile The move aims to serve approximately 700,000 Venezuelan nationals currently living in Chile.

Chileans in Venezuela An estimated 25,000 Chilean citizens reside in Venezuela and will benefit from renewed consular services.

Chile Venezuela relations entered a new phase on July 30, 2026, as both governments agreed to begin restoring ties two years after a complete diplomatic break. The announcement, made in Santiago, outlines a gradual process starting strictly with consular cooperation.

Chile Venezuela Relations Resume with Consular First Step
The Santiago skyline. Chile and Venezuela agreed to begin restoring ties. Photo: Wikimedia Commons.
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

A Gradual First Step, Not Full Normalization

Chilean President José Antonio Kast announced the move as a careful, step-by-step normalization. The immediate focus is purely on reactivating consular relations to assist citizens.

This is not a full restoration of diplomatic relations. Full ties remain suspended for now, with consular services acting as the initial bridge between the two nations.

The joint declaration specifies that cooperation will advance on migration, security, and economic development. However, the return of ambassadors is not part of this first phase.

Why Ties Were Suspended in 2024

The diplomatic break occurred exactly 731 days before the new announcement. On July 29, 2024, Venezuela closed its embassy in Santiago and withdrew its personnel.

The rupture was triggered by Chile’s rejection of Venezuela’s July 28, 2024, presidential election results. Then-President Gabriel Boric refused to recognize the electoral council’s declaration that Nicolás Maduro had won.

Chile joined several other nations in questioning the legitimacy of the vote, citing a lack of transparency. Venezuela responded by severing diplomatic channels, freezing all formal bilateral contact.

Chile Venezuela relations
Santiago, Chile. The two governments will reactivate consular relations first. Photo: Wikimedia Commons.

Serving Large Expatriate Communities

A primary driver for restoring consular work is the large Venezuelan population in Chile. Official estimates place the number at around 700,000 people.

Many Venezuelans fled economic collapse and political turmoil in their home country over the past decade. Without consular access, they faced major hurdles renewing passports, legalizing documents, and handling civil registry matters.

The agreement also covers roughly 25,000 Chilean citizens living in Venezuela. They will regain access to notarial services, emergency assistance, and identity document processing through a reactivated consular network.

The Economic and Security Context

Beyond citizen services, the declaration mentions cooperation on economic development. Trade between the two nations plummeted after the diplomatic break, though informal commerce continued.

Security cooperation is another pillar. Both governments aim to coordinate on cross-border crime and migration flows, a key concern for Chile’s northern regions.

No specific trade figures or security agreements were detailed in the July 30 declaration. The language remains broad, setting a framework for future technical discussions rather than immediate policy changes.

Political Reactions and Regional Implications

President Kast, a conservative leader who took office in March 2026, has prioritized pragmatic foreign policy. His administration views the consular channel as a humanitarian necessity separate from political recognition.

The move marks a shift from the previous Boric administration’s hardline stance. Kast’s team argues that abandoning 700,000 Venezuelans without documentation services created an unsustainable situation inside Chile.

Regionally, the step may signal a broader trend toward pragmatic engagement with the Maduro government. Other Latin American nations with large Venezuelan diaspora populations will watch the consular model closely.

What Comes Next for Chile Venezuela Relations

The timeline for reopening consulates remains unspecified. Technical teams from both foreign ministries must first agree on locations, staffing, and operational protocols.

Full diplomatic normalization would require resolving the underlying political dispute over Venezuela’s 2024 election legitimacy. No negotiations on that front have been announced.

For now, the focus stays on paperwork, legal aid, and basic citizen support. The process is designed to be reversible and incremental, allowing either side to pause without collapsing the entire framework.

Frequently Asked Questions

Are Chile and Venezuela fully restoring diplomatic relations?

No. The July 30, 2026, agreement only reactivates consular relations as a first step. Full diplomatic ties, including the exchange of ambassadors, remain suspended.

Why did Chile and Venezuela break diplomatic ties originally?

Venezuela closed its Santiago embassy on July 29, 2024, after Chile’s then-President Gabriel Boric rejected Nicolás Maduro’s declared victory in the July 28, 2024, presidential election.

How many Venezuelans in Chile will benefit from this consular agreement?

Approximately 700,000 Venezuelan nationals living in Chile will benefit, along with an estimated 25,000 Chilean citizens residing in Venezuela.

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.