The Colombian Congress permitted this Wednesday within the last dialogue of the funding settlement between Colombia and Venezuela, which seeks to consolidate a authorized instrument that regulates and promotes funding between the 2 nations and that, subsequently, present a minimal authorized framework for direct funding ensures between the 2 nations.
The assembly session of the House of Representatives was handed for the fourth time the ultimate debate of the Agreement on the Promotion and Protection of Reinvestment signed between Colombia and Venezuela in February 2023.earlier than it goes into impact, it have to be reviewed by the Constitutional Court.
“We wish to set up a authorized framework that facilitates and encourages cross-border direct funding, promotes a complementary business of products and companies and encourages sustainable improvement, productive diversification, the creation of worth chains and the creation of appropriate employment alternatives,” he mentioned. . The Minister of Trade, Industry and Tourism, Germán Umaña, whereas highlighting the social and financial relations between the 2 nations.