Venezuela and Brazil aim to strengthen bilateral trade and anti-smuggling measures
Representatives from Venezuela and Brazil convened in Caracas to enhance bilateral trade and reinforce the shared endeavor to counteract smuggling across the mutual border, announced Venezuelan Foreign Minister Yván Gil.
A report shared by the minister via Twitter stated that this work-oriented meeting took place on Monday with the goal of assessing the progression of commitments set out in the Brasilia Declaration, endorsed on May 29.
The report detailed that both sides are poised to foster joint ventures concerning bilateral trade, aiming to improve the alignment of their economic and commercial landscapes.
The document, however, didn’t provide explicit details about the topics discussed.
Moreover, an administrative commission has been approved to manage economic complementary agreements, and a working committee is slated to evaluate Brazilian products of animal and plant origin.
As mentioned in the report, the delegations plan to convene soon to establish corresponding technical committees, intending to revitalize the bilateral relations within the framework of fostering solidarity and complementarity.
Suspended since 2019, the diplomatic ties between the two countries resumed following the inauguration of Luiz Inácio Lula da Silva as President of Brazil on January 1.
This reinstatement prompted the Brasilia Declaration, signed by twelve South American countries, calling for continuous dialogue to endorse regional integration and amplify their global presence.
Key points included in the declaration involve commitments to amplify trade and investment, enhance infrastructure and logistics, bolster regional value chains, and implement measures for trade facilitation, financial integration, and mitigation of asymmetries.
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