ESPACIO PUBLICITARIO
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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Is protest over?

That political protest in Venezuela has lost momentum seems pretty obvious: people are no longer building barricades to block off streets near Plaza Francia in Altamira (eastern Caracas), an anti-government stronghold; no new images have been shown of brave and dashing protesters with bandanna-covered faces clashing with the National Guard in San Cristóbal, in the western state of Táchira; and those who dreamed of a horde of "Gochos" (Tachirans) descending  in an avalanche to stir up revolt in Caracas have been left with no option but to wake up to reality.

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