Strategic partnership with Venezuela named a priority of Belarus' foreign policy - president

The development of strategic partnership with Venezuela is one of the priorities of Belarus' foreign policy, said Belarusian head of state Alexander Lukashenko on September 23 as he accepted credentials from Ambassador Extraordinary and Plenipotentiary of Venezuela to Belarus Americo Diaz Nunez, reported BELTA.

The President of Belarus spoke in glowing terms about the confidentiality of the political dialogue between the two countries, the progress in implementing several large-scale projects in petrochemistry, industry, civil engineering, and agriculture. "It is important that trade, economic, scientific and technical ties with Venezuela are supplemented by vigorous cooperation in education, culture and sport," said Alexander Lukashenko.

Mutual top-level visits in 2006 and 2008 secured agreements on creating a strategic alliance of the two countries, political partnership in the international arena, implementation of joint projects in various spheres. The first serious results of efforts in the trade and economic sphere have been achieved. The Belarusian-Venezuelan joint venture has started extracting oil, prospecting seismology goals are being reached, and a project for exploring a phosphorite deposit in Venezuela is in progress.

Joint ventures involving BelAZ, BelavtoMAZ, and MTZ have been registered in Venezuela for building enterprises for manufacturing rock haulers, trucks and tractors.

Contracts have been signed to expand the gas distribution network across Venezuela with assistance of Belarusian specialists. A strategic fund for the joint development of Venezuela and Belarus has been created, with the legal capital as large as $500 million.



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