Venezuela, France enter into agreement on automobiles and tourism
Renault and Venezuela to set up joint venture
Within the framework of a Venezuela-France joint committee, the Venezuelan Ministry of Industries and French automobile company Renault have reached an agreement to set up a joint venture in Venezuela to produce vehicles.
In the words of Minister of Industries Ricardo Menéndez, "Venezuela enjoys from highly social, economic and political stability that has been shaped by Commander (Venezuelan President Hugo) Chávez's revolution. While some countries around the world have suffered the impact of the capitalist crisis, Venezuela has been able to both continue working on welfare and curb unemployment. This is how the growth curve keeps up."
The minister said the agreement provides for technology transfer, addition of parts made in Venezuela, and the selection of car models set for exports.
Round tables will be established on December 5 to discuss along with Renault's representatives schedules and technical details for the incorporation.
Likewise, Minister of Tourism Alejandro Fleming and Air France General Manager to Venezuela Bertrand Lamoureux have signed a letter of intent providing for the guidelines to establish an alliance that will promote Venezuela as a tourist destination.
Translated by Jhean Cabrera
A simple reason: there is oil galore, would suffice to explain Guyana's actions. Another explanation lies in the little or none efforts made by the Venezuelan government to thwart the move by the Guyanese. This is certainly not a new problem, but a problem only recently highlighted because oil is involved. But what other resources does the disputed area hold? For most of us it is a section on the map with black and white stripes on it, a depiction of something distant, alien, a nothingness not worth paying much attention to in geography classes back in elementary school.