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Nicolás Maduro explained that Colombia already had its commercial offer ready for Venezuela, reason for which Venezuelan businessmen should accelerate the process to obtain national products. Nicolás Maduro's Twitter.
Nicolás Maduro said Colombia already has an economic plan for Venezuela, encouraging Venezuelan businessmen to accelerate the process to obtain national products. Twitter- Nicolás Maduro.

Maduro proposes binational economic zone between Venezuela and Colombia

In a meeting with businessmen, the Venezuelan president spoke about the reestablishment of trade between the two neighboring countries.

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Venezuelan President Nicolás Maduro said that he will propose "the construction of a large productive Special Economic Zone between Táchira and Norte de Santander," to Colombian President Gustavo Petro. He said its aim would be to establish a commercial relationship on the border.

For his part, Maduro explained that Colombia already had its economic plan for Venezuela, a reason for Venezuelan businessmen to accelerate their process to obtain national products.

He also said that the export of rubber could be one of the resources offered to the neighboring country. 

The Head of State took advantage of the meeting to give economic indicators of the country, assuring that the economy is recovering and projections are increasingly positive.

He added that the Economic Commission for Latin America and the Caribbean (ECLAC) said that the growth expectation for the country went from 5% to 10%.

In the meeting, Calixto Ortega, president of the Central Bank of Venezuela (BCV), said that Venezuela has been growing in double digits for four quarters. 

Ortega said that in the fourth quarter of 2021, growth was 19.07%.

"it is the second highest in the region," he said.

For the first quarter of 2022, growth was 17.04%. The private sector also grew 18.7% in the second quarter of 2022. 

Maduro also announced that he will deliver a draft of the Law of Coordination and Harmonization of Regional and Municipal Taxes to the National Assembly to "end the chaos, for a single tax strategy."

"We expect in 2023 and 2024 to bring that inflation to one digit, with a stable exchange system," said Maduro.

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