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News > Latin America

Colombia-Venezuela Ties to Create New Opportunities for LATAM

  • File photo of a customs crossing on the border between Colombia and Venezuela.

    File photo of a customs crossing on the border between Colombia and Venezuela. | Photo: Twitter/ @ICuba8

Published 2 September 2022
Opinion

"This is extremely important at the present time of transition, change and uncertainty... So, this is a good time for Latin America to unite," Colombian analyst Castrillon pointed out.

The restoration of diplomatic ties between Venezuela and Colombia will provide opportunities not only for the two countries, but also the rest of Latin America and the Caribbean, David Castrillon, a political observer from Del Rosario University in Bogota.

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"Colombia's recognition of the Venezuelan government was a very important step that will lead to 'win-win' results in the short, medium, and long term. It will have an impact across the world," he said, adding that moving towards integration is a positive development that will allow LAC to speak with a unified voice at world forums, and that will have great benefit.

"This is extremely important at the present time of transition, change and uncertainty... So, this is a good time for Latin America to unite," Castrillon pointed out.

Short term's main beneficiaries will be the border communities, while in the medium term Colombian companies will also benefit, he said, stressing that the normalization of ties could lead to dialogue, cooperation, and coordination in tackling issues that have a global impact.

On Wednesday, Venezuela's Ambassador to Colombia Felix Plasencia submitted his credentials to Colombia's Foreign Affairs Minister Alvaro Leyva, and is expected to be received by Colombia's President Gustavo Petro in the coming days.

Meanwhile, Venezuela's President Nicolas Maduro received Colombian ambassador Armando Benedetti, who pledged to promptly rebuild "the ties of friendship that should never have been broken."

"Venezuela is returning to the region... and the return of Venezuela will allow us to move toward regional integration," the Colombian ambassador said.

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