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
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
A group of some 60 Venezuelan economists from across the country and from different generations and backgrounds, has met regularly in the past couple of years and now has brought forth a document explaining the reasons of the current emergency and outlining specific proposals on how to address the serious economic crisis the country has plunged into over the last three years.