LatinNews Daily - 12 November 2026

*Venezuela’s President Delcy Rodríguez has met her Brazilian counterpart Luiz Inácio Lula da Silva on the sidelines of the United Nations climate change conference (COP31) in Antalya, Turkey. The two leaders “expressed willingness to fully resume the bilateral relationship at the highest level”, according to a statement from Brazil’s presidency, as well as the potential for Brazilian investment in Venezuela’s oil sector, the adjustment of Venezuelan tariffs on Brazilian vehicles, and the possibility of updating the countries’ 2012 economic complementation agreement. They agreed that Brazil’s mining and energy minister, Alexandre Silveira, will visit Venezuela before the end of this year. Rodríguez wrote on social media that she and Lula affirmed their “commitment to further strengthening bilateral relations and advancing a cooperation agenda in various areas of common interest”. She added that “we also agreed to review our trade agreements and explored new opportunities to boost economic exchange, promote investment, and strengthen the bonds of friendship and cooperation between Venezuela and Brazil”. Relations between the two countries soured after Venezuela’s 2024 election, which was widely viewed as fraudulent given that results were never released confirming the supposed victory of Rodríguez’s predecessor Nicolás Maduro (2013-2026).