Venezuelan President Hugo Chavez has approved the construction of the factory “Haier Venezuela”, which is to produce low-cost household appliances for the Venezuela population.
Just weeks after the opening of four Chery dealerships in Venezuela, dozens of people are lining up every day to buy the first Chinese cars being sold in the Latin American nation.
After a meeting on Monday afternoon, China’s various banks and state owned companies agreed on a total of US$ 40 billion in financing for a range of petroleum, mineral, housing, and other “strategic” projects in Venezuela.
On Wednesday Venezuelan President Hugo Chavez signed a long-term agreement with the Chinese Development Bank aimed at financing some 137 development projects planned for the 2013 – 2030 period.
According to Venezuelan president Hugo Chávez, the economic and political strategic alliances built and strengthened by Venezuela over the last 12 years will help the country to face the blows of the world economic crisis from a stronger position.
This week Venezuelan President Hugo Chavez underscored the importance of the Venezuelan Academy of Agricultural Sciences (ACAV), the first national education, research, and extension center dedicated to improving agricultural production in the Latin American nation.
Trade between China and Venezuela has increased by 50 times in the last decade, which has transformed the Asian country into the second largest trade partner of Venezuela, a fact evidenced by the consolidation of bilateral relations.
The Venezuelan government signed an agreement with China last Thursday to build and launch a second satellite, this time for environmental management, urban planning, agricultural activity, climate and climate change monitoring, containment of the advance of desertification, and attending to and mitigating extreme conditions.
Venezuela and China are charting the road to the future, seeking new strategic alliances in areas such as food security, infrastructure and machine construction. In building closer relations, the two governments began 2011 with intense joint work by their respective delegations.
As part of government initiatives to help increase food production and decrease prices, Venezuela and China signed an agreement to form a joint venture food company on Saturday.
