Luis Vicente León, president of Datanalisis in Caracas: “For Venezuela, the commercial opening with Colombia represents access to competitive raw materials, inputs and finished products in terms of price and proximity, and it generates a logistical opportunity for importing goods from the rest of the world, with a reduction in freight and transportation costs. For Colombia, it represents an expansion of the country’s natural market and an opportunity for complementarity in the areas of chemical and energy areas, which are very important for both countries. It also means a reactivation of the border areas and an opportunity to take business away from the mafias that control them today. Of course, the opening also presents challenges for both nations. In the case of Venezuela, which has serious infrastructure problems, economic imbalances and sanctions, the opening could be a competitive risk for its local businesspeople. However, the Venezuelan market is currently open and…”
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Gene Kuleta
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Grupo Marhnos
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Head of Latin American Economics, Citi
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IESA
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