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CARACAS, Friday November 16, 2012 | Update
 
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INDUSTRY

Venezuela to assemble and export exclusive Chery cars to Mercosur

The Ministry of Industries remarked that Venezuela aims at assembling 11,000 cars during its first production year

EL UNIVERSAL
Friday November 16, 2012  03:46 PM
Venezuela-China technological agreement will allow the former to obtain the exclusive rights to assemble two models of Chinese car manufacturer Chery. The cars are to be exported to the countries of the Common Market of the South (Mercosur) and other Latin American nations.

The information was disclosed by Minister of Industries Ricardo Menéndez, who stressed that the two countries have already entered the agreement where China will no longer assemble the two car models (to be determined soon) so that Venezuela can boost both its economy and exporting capacity.

The minister remarked that Venezuela aims at assembling 11,000 vehicles during its first production year.

Venezuela will address similar proposals in the next Venezuelan-Chinese meeting on cooperation, whose date and place have not been defined yet. The meeting will aim at extending the agreement to other joint ventures with assembly plants in Venezuela and obtaining exclusivity to assemble products for exportation.

Translated by Jhean Cabrera
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