From the signing of the Memorandum of Understanding on July 17 to establish a binational economic zone between Venezuela and Colombia, significant advances have been recorded in the design of the legal and technical framework that will support this border project.
Deputy José Gregorio Vielma Mora He informed that specialized work tables have been constituted to address fundamental issues such as registration, necessary permits and operational regulation.
Within priority matters, it is proposed to establish a regulated system for stock markets, which must operate under conditions of equity. “You can’t go to an exchange in unequal conditions,” said Vielma.
In addition, Vielma Mora emphasized The need to guarantee continuous and highly flexible customs functioning by both countries, in order to facilitate the flow of goods, seeking bidirectional benefit. It also emphasized the importance of defining clear mechanisms related to compensation, free fluctuation, possibly the exchange rate, and currency parameters that ensure a balanced binational trade.
