China and Venezuela sign agreements for joint development of productive projects
Both countries established a joint document for the Chinese mining development - Venezuelan r signed by the Minister for Basic Industries and Mining, José Khan and China, Lu Kegu

May 25, 2010 | 8:49 a.m. - ABN


Chavez red shirt | Miraflores

The governments of China and Venezuela on Monday signed two legal instruments of cooperation to facilitate the development of joint development projects.

The announcement, President of the Republic, Hugo Chávez, who led the meeting with experts from China Development Bank, which took place Monday in the living room of the Palace of Miraflores Ayacucho.

First, they signed an Act of Meetings and Commitments to the advice of Socioeconomic Development Planning of Venezuela by the Minister for Foreign Affairs, Nicolás Maduro and senior advisor to the China Development Bank, Lu Kegu.

He added that nine teams from both nations worked on the revision and development of various joint projects.

"The China Development Bank and the Government of China agrees to advise on a set of issues vital to the development of projects in the short, medium and long term,"

It also established a joint document for the Chinese mining development Venezuela signed by the Minister for Basic Industries and Mining, José Khan and China, Lu Kegu.

"We are very interested in raising production and productivity and this is the first document in that direction is a joint venture mining company," he said.

With this meeting, the Chinese delegation, which has evaluated over two weeks the advance of industrialization many joint initiatives in the areas of infrastructure, power generation, mining and industry, among other projects, "concludes his visit to Venezuela .

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