Venezuelan President Nicolás Maduro announces plans for enhanced bilateral economic integration with Colombia, backed by China and Russia, aiming to boost regional production, trade, and industrial development through joint investments and a Binational Economic Zone.

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In a significant move toward regional solidarity and economic sovereignty, Venezuelan President Nicolás Maduro revealed that business leaders from Venezuela and Colombia are actively preparing detailed plans to strengthen their bilateral economic relations. This initiative is part of a broader strategy for productive integration in Latin America, supported strategically by China and Russia, two pivotal global partners for both nations.

President Maduro emphasized that the governments of Venezuela and Colombia fully back this initiative, which focuses on boosting production and trade through joint investments and shared industrial development. This collaborative approach aims to overcome the economic challenges posed by external pressures and sanctions, fostering a self-sustaining regional economy anchored in cooperation rather than dependency.

Creation of a Binational Economic Zone

Central to this strategy is the proposal to establish a Binational Economic Zone between Venezuela and Colombia. This zone is envisioned as a catalyst for productive activity and a structured trade alliance that will consolidate economic ties and promote sustainable development. By institutionalizing cooperation, the two countries seek to create a resilient economic corridor that benefits workers, producers, and consumers alike.

The plan enjoys robust backing from China and Russia, whose partnerships with Venezuela have expanded in recent years across sectors such as hydrocarbons, finance, technology, and infrastructure. These alliances provide critical financial resources, technology transfer, and political support, helping Venezuela and Colombia to navigate the challenges of economic sanctions and global market volatility. China’s Belt and Road Initiative also offers Colombia new avenues for infrastructure investment and trade expansion, complementing Venezuela’s deepening ties with BRICS countries.

El presidente de #Venezuela, #NicolásMaduro, anunció que empresarios de su país y de #Colombia están preparados con planes específicos para fortalecer las relaciones económicas bilaterales, en el marco de una estrategia de integración productiva regional.https://t.co/RNfiQH9Yx3

— teleSUR TV (@teleSURtv) May 14, 2025

The text reads: The president of #Venezuela, #NicolásMaduro, announced that businessmen from his country and from #Colombia are prepared with specific plans to strengthen bilateral economic relations, within the framework of a regional productive integration strategy.

Beyond economic integration, President Maduro reported on new tourism agreements signed with Cuba and Honduras during the ALBA Tourism international fair. These agreements aim to strengthen regional tourism development and foster cultural exchange, reinforcing the broader vision of Latin American unity and cooperation. This multidimensional approach to economic and social policy reflects Venezuela’s commitment to a model of development that prioritizes stability, growth, and solidarity in key sectors such as health, agriculture, and industry.

This strategic partnership between Venezuela and Colombia, supported by China and Russia, marks a decisive step toward regional economic integration that challenges traditional hegemonies and promotes a multipolar world order rooted in cooperation and mutual respect.

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