But Venezuela Production and Trade Minister Ramon Rosales, speaking in Bogota at a meeting with Colombian exporters, added that it will be another two weeks before further details of the payment process will be avaialable.
Up to 800 Colombian exporters and other business leaders who deal with Venezuela are awaiting payments from Venezuela. The exporters are becoming impatient due to four-month-old currency restrictions in Venezuela that have tightened dollar flows, saddling importers there with dollar-debts they are unable to pay.
Also speaking at the meeting was Juan Emilio Posada, president of Colombia's largest airline, Alianza Summa. He said the carrier is owed $3.8 million in Venezuela and that this figure increases $1 million each month.
"What's the purpose of selling in a country that can't pay," Posada told reporters on the sidelines of the meeting. "The moment will soon arrive in which this type of business is unsustainable."
Summa flies to Caracas from Bogota three times a day.
Venezuela's Rosales responded, saying a special plan will be set up so airlines such as Alianza Summa can be paid.
During the first two months of the year, Colombian exports to Venezuela totaled $69 million, down from $233 million in the first two months of 2002. [End]