Venezuela, China enter into eight agreements
The legal instruments include cooperation agreements in the electrical, oil and petrochemical 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
The price of a package of precooked corn flour used to make corn cakes called arepas, a staple food in Venezuela, has been regulated at VEB 19, but production cost exceeds VEB 26. At present both state-run and private plants face the same difficulty of having to produce at a loss. But that's just one of the many obstacles facing those involved in putting the arepa on the Venezuelans plate.