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CARACAS, Friday November 30, 2012 | Update
 
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BILATERAL AGREEMENTS | The meeting ended on Friday

Venezuela, China enter into eight agreements

The legal instruments include cooperation agreements in the electrical, oil and petrochemical fields

EL UNIVERSAL
Friday November 30, 2012  10:20 AM
China and Venezuela ended on Friday in Beijing the 11th High-Level Joint Committee involving three Venezuelan ministers. Both parties agreed to keep on working on the intense relationship in the trade, scientific and technological fields.

The president of the National Committee for Reform and Development of China, Zhang Ping, and Venezuelan Minister of Planning and Development Jorge Giordani, chaired the two-day session held in the capital city of China.

Other participants in the Joint Committee held on an annual basis since 2001 were Minister of Petroleum and Mining Rafael Ramírez, Minister of Trade Edmée Betancourt, the Vice-Ministers of Science and Technology, Agriculture and Lands, and Foreign Affairs, and Venezuelan Ambassador to Beijing Rocío Maneiro.

"The Committee mirrors the accomplishments of more than one decade of joint efforts, during which we have developed great cooperation in economic-productive, social, trade and financial terms," Giordani stressed in the closing speech.

For his part Zhang Ping underscored that after a politically decisive year (new communist leadership in China and the reelection of President Hugo Chávez in Venezuela), the two countries are making "a jump in the trade relation in a context of world economic sluggishness," Efe cited.

At the end of the session, representatives of both countries entered into eight bilateral agreements, including cooperation agreements in the electrical, oil and petrochemical sectors.

The Joint Committee highlighted among the main future objectives between Beijing and Caracas doubling the export of Venezuelan oil to China, from 500,000 barrels per day nowadays to one million bpd in 2015.

Translated by Conchita Delgado
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