By the end of 2006, two offices of the Venezuelan Guayana Corporation (CVG) will open in China and Brazil, CVG International CEO Ana María González reported.

CVG fosters investments and international purchases of basic industries. As instructed by the National Government, it also meets the requirements of local governments, mayoralties, ministries and associate entities, official news agency ABN reported.

The official noted that procurement is being redirected towards the Common Market of the South (Mercosur) in order to strengthen South-South cooperation.

At the present time, a CVG branch is being established in Spain, González added.