Colombia – Venezuela Maritime Border Dispute

2 Responses

  1. Anonymous says:

    Interesting read! Question: why has trade between these two countries decreased?

  2. ARKellogg says:

    The short answer is that in 2009 Venezuela President, Hugo Chávez, suspended trade with Colombia for several months over a conflict regarding American military access to a Colombian military base. At this time Venezuelan companies owed their Colombian counterparts 800 million dollars. As of this date, only 100 million dollars of this debt has been paid. Venezuela’s faltering economy has meant that most enterprises don’t have the money to pay for imports.

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