Foreign and Military Affairs
Venezuela, China discuss new co-op agreements
(Xinhua)
Updated: 2010-07-30 10:24
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CARACAS - Venezuela and China held talks Thursday on ten new agreements involving cooperation in energy, mining, food and gas sectors, the state-run Venezolana de Television (VTV) reported.
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Vice President Elias Jaua, who attended the meeting, said they are all viable projects that would be completed in three years.
Since May 2010, the two countries have been mulling a series of non-oil projects in Venezuela, which will be financed by the CDB with a credit of $20 billion.
Venezuela is China's fifth-largest trading partner in Latin America, and both countries have set up a bilateral investment fund of $12 billion to finance their economic and manufacturing development.
