- The two countries will restore bilateral ties and return ambassadors.
- Colombian President Santos and Venezuelan President Chavez offered to "start the relationship from zero" and not let past disputes get in the way.
- Chavez gave his word to Santos that he is not supporting the FARC. Chavez: “If I supported the guerrillas the results would be quite notable -- they would have weapons and money.” Santos accepted his statement and said it was significant.
- Chavez also admitted the Colombia-US security agreement and the issue of the "bases" is a sovereign Colombian decision.
- A bilateral working group will meet to sort out remaining details between the two sides.
- Santos agreed to review claims by Colombian exporters that they are owed $800 million by Venezuela to find any exaggerations or double-billing. Chavez gave assurances that Venezuela will pay its debt.
- Both agreed to vague promises of greater investment and infrastructure for border communities.
- Perhaps most interestingly, both agreed to a "security commission" that will monitor illegal groups along the border and coordinate joint military actions. If that occurs, it will have significant value.
Publicly, it seems like a good start to bilateral relations between the two governments. Now we'll see if it holds.
