Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Venezuela to let deported Colombians return after border dispute

Published 09/28/2015, 05:23 PM
Updated 09/28/2015, 05:28 PM
© Reuters. Venezuela's President Nicolas Maduro, Uruguay's President Tabare Vazquez, Ecuador's President Rafael Correa and Colombia's President Juan Santos hold hands after their meeting at the Carondelet Palace, in Quito

CARACAS (Reuters) - President Nicolas Maduro will let over 1,500 deported Colombians return to Venezuela and legalize their status, regional bloc UNASUR said on Monday, in a further easing of tensions between the two South American neighbors.

The 12-country Union of South American Nations (UNASUR) said in a statement Maduro agreed to the measure after a meeting with its secretary general, Ernesto Samper, a former Colombian president, on the sidelines of the United Nations General Assembly in New York.

The detente comes a week after leftist Maduro and his right-wing Colombian counterpart Juan Manuel Santos met and agreed to restore ambassadors while working towards "normalizing" the turbulent border area.

That followed weeks of diplomatic acrimony after Maduro in August shut border crossings with Colombia in what he called a crackdown on smuggling and crime. Around 1,608 Colombians were deported and another 17,000 voluntarily returned to their homeland, according to the United Nations.

Hundreds waded across a border river with fridges, chickens and mattresses on their backs. The deportations sparked outcry from Bogota and international rights groups, and even drew surprising comparisons between Maduro and U.S. Republican presidential front-runner Donald Trump.

It remains to be seen whether the shaken deportees will want to return to Venezuela, which is mired in a spiraling economic crisis where basic goods such as toilet paper and bottled water are running low.

Maduro's critics say he is blaming poor Colombian immigrants for contraband of price-controlled goods and violence, when in fact responsibility lies with his decaying state-led economic model and failure to crack down on violent crime.

© Reuters. Venezuela's President Nicolas Maduro, Uruguay's President Tabare Vazquez, Ecuador's President Rafael Correa and Colombia's President Juan Santos hold hands after their meeting at the Carondelet Palace, in Quito

He says Venezuela was taking legitimate action against smugglers and paramilitaries, and has for decades shown its generosity to Colombia by taking war refugees and economic migrants. About 5.6 million Colombians live in Venezuela.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.