ESPACIO PUBLICITARIO
CARACAS, Monday November 26, 2012 | Update
 
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TRADE

Venezuela, France enter into agreement on automobiles and tourism

Renault and Venezuela to set up joint venture

EL UNIVERSAL
Monday November 26, 2012  12:59 PM

Within the framework of a Venezuela-France joint committee, the Venezuelan Ministry of Industries and French automobile company Renault have reached an agreement to set up a joint venture in Venezuela to produce vehicles.

In the words of Minister of Industries Ricardo Menéndez, "Venezuela enjoys from highly social, economic and political stability that has been shaped by Commander (Venezuelan President Hugo) Chávez's revolution. While some countries around the world have suffered the impact of the capitalist crisis, Venezuela has been able to both continue working on welfare and curb unemployment. This is how the growth curve keeps up."

The minister said the agreement provides for technology transfer, addition of parts made in Venezuela, and the selection of car models set for exports.

Round tables will be established on December 5 to discuss along with Renault's representatives schedules and technical details for the incorporation.

Likewise, Minister of Tourism Alejandro Fleming and Air France General Manager to Venezuela Bertrand Lamoureux have signed a letter of intent providing for the guidelines to establish an alliance that will promote Venezuela as a tourist destination.

Translated by Jhean Cabrera
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A shipment of over 30,000 tons of phosphate arrived at Puerto Cabello port in late July on board the Shi Long Ling, a Chinese-flagged vessel that began its long journey in northern Africa. The cargo boat docked on July 26 after traveling more than 3,200 nautical miles. Undoubtedly, this would just be considered one in many cargo ships crisscrossing the oceans if it were not for the fact that Venezuela has denounced Western Sahara occupation by Morocco and yet purchases the territory's natural resource products from the occupying power.

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