economy
May 9, 2026
Fenalco has expectations for Venezuela: "There is an opportunity for businessmen to establish a presence with investments"
The president of the National Federation of Merchants of Colombia (Fenalco), Jaime Alberto Cabal Sanclemente, specified that Colombian businessmen have expectations that the Venezuelan market will resurface, given the economic reactivation in the country. Banking and Business "We have a great expectation that this market can resurface, but it will happen in the long term, because [...]
TL;DR
- Colombian businessmen expect the Venezuelan market to rebound with its economic reactivation.
- The resurgence is seen as a long-term prospect due to Venezuela's weakened business sector.
- Opportunities for Colombian businesses to export and invest in Venezuela are conditioned on structural changes in the neighboring country.
- Fenalco organized a mission to explore the Venezuelan market following the reopening of relations, but financial issues hindered development.
- Improved conditions in Venezuela could allow Colombian entrepreneurs to regain market share and establish investments.