Economy
Venezuelan President Hugo Chávez and his Brazilian counterpart Luiz Inácio Lula da Silva on Friday entered into new bilateral cooperation agreements in the fields of science and technology.

The sectors involved in the deals are electricity, oil and gas, food, scientific training, technological know-how and petrochemical industry.

The agreements were signed in the context of the sixth bilateral meeting in La Planicie, a socialist project for agricultural development located in Jesús María Semprún municipality, western Zulia state, reported state-run news agency ABN.

The two presidents started their full agenda by visiting a dairy manufacturer where Brazil has provided cattle and technology.

"Venezuela is building a huge deposit of food to give assurances to its people. The agreement we have with Venezuela is that Brazil is ready to transfer our technology from the agricultural revolution of the 1960's so that Venezuela can also make its agricultural revolution," said Lula.

"Our unity does not only translate into speeches, which are eventually depleted. Unity is materialized in things; our speeches are turning into wealth, a better quality of life for people," he added, AFP quoted.