The governments of Venezuela and Brazil held a high-level strategic meeting to boost bilateral trade.
The meeting was led by the Minister of Foreign Trade, Johann Álvarez Márquez, Glivânia Maria de Oliveira, Brazilian Ambassador to Venezuela, and Alex Giacomelli, Ambassador and Secretary of Trade Promotion, Science, Technology, Innovation, and Culture of Brazil.
The meeting allowed to lay the groundwork to modernize the instruments regulating customs, agreeing on an upcoming virtual technical meeting to consolidate the institutional positions of both teams.
During the work sessions, the automotive and transportation sectors were identified as key areas of complementarity, evaluating mechanisms to expedite the entry of cargo, work, and private vehicles into the Venezuelan market.
The delegations also agreed to diversify the trade balance through a robust promotion agenda, including trade fairs and the development of joint value chains with Colombia to supply domestic and regional markets.
In matters of investments attraction, Venezuela highlighted the tariff and logistical advantages offered by its export-oriented Special Economic Zones (SEZs), formally inviting Brazil’s technology and industrial sectors to conduct technical visits to these development areas.