Venezuela formed a joint venture with China
Articles - Economics
Monday March 7, 2011

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Beneficial agreement


The president, Hugo Chávez Frías, announced that the Executive formed a joint venture with China's Heilongjiang Beidahuang food production as part of the 2011-2012 Biennial Plan, which is estimated to increase food production and lower prices. "This is a company dedicated to producing food, so I asked support to increase the supply of food for our people and lower prices are skyrocketing, so exorbitant, the global food crisis.

We have to shield (strengthen) to Venezuela and also increase food production, technology, seeds, training equipment, "said the head of state.
In that sense, the Venezuelan president said that that company in China produces food for 100 million people, 3.5 million hectares planted to supply that amount of Chinese consumers, while praised the productive capacity of China.

"China produces food for 1,300 million and also exports food. With this great support from China, with the work of the Venezuelan people of good will, who are the majority, and the scientific work we are going to turn Venezuela into an agricultural powerhouse, "he said.

In this regard, in one pass with VTV television, noted that Venezuela has about 20 million hectares are not used and enjoyed excellent conditions for agriculture.

"These lands are underutilized, and there are still many vacant estates. With that amount of land could produce food for about 500 million people and we are almost 30 million inhabitants. That requires training, irrigation infrastructure, canals, pathways that producers and farmers live better, have good housing, machinery, technology, genetics, seeds ", said Chavez.

He said the advantages it means for shaping Venezuela joint venture between the two nations.

"Forming this joint venture we will facilitate access to seeds, different types of rice, corn, beans, and even we are working to produce more livestock, meat, milk, potatoes, vegetables, food order," he said.

Also, President Chavez said that experts from the company gave him an Heilongjiang Beidahuang first report of its evaluations and recommendations, having traveled several Venezuelan states as Apure, Anzoategui and Guarico, where did review of soils, water temperature , the depth of topsoil and met with producers.

At the meeting, Minister of Popular Power for Agriculture and Lands, Juan Carlos Loyo, signed the record of commitment to form joint venture with Mo Bai Qian, president of the Chinese company in question.

In this regard, Bai Mo spoke to exalt the conditions presented by the Venezuelan and estimate that the country can become a producer and exporter of cereals.

"Venezuela has a very fertile land, very suitable for crops cultivation. The Venezuelan government first puts the development of agriculture. Our company has extensive experience in the production of different crops, technology and level we have it here and our collaboration with Venezuela is put at the forefront of agricultural development in the world, and is producer and exporter of cereals, to provide more people the world. "

The meeting with senior officials of China and Venezuela took place Saturday night at the Miraflores Palace in Caracas.