Colombian Venezuela?S Border Crisis
4 Pages Posted: 7 Dec 1999
Historical, political and economic links between Colombia and Venezuela have been strong. After economic integration policies that dominated state affairs in the early sixties, the degree of social and economic interaction, especially in the border region of Santander and Tachira strengthened. Also, increasingly important for both countries? welfare, has been the liberal economic policies adopted, after the "apertura" program followed by both Presidents as well as after the demonstrated will to sign at the end of 1994 the "G-3" Trade Agreement. However, successive political crisis in Venezuela and border Guerrilla activities and drogs?lords warfare fought in Colombia, has deteriorated bilateral and international diplomatic communication channels. The paper shows after studying different diplomatic and commercial sources that bilateral and regional stability is a serious historical commitment to integrate a common geographical border. Economic policy for both countries development and common border preservation of stability coincides with the application of a financial and commercial plan to encourage the creation of a specialised development investment bank for productive projects. Also the establishment of a bilateral permanent trading zone to encourage and funnel both countries bilateral trading successful exchanges.
JEL Classification: F14, O18
Suggested Citation: Suggested Citation