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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Is protest over?

That political protest in Venezuela has lost momentum seems pretty obvious: people are no longer building barricades to block off streets near Plaza Francia in Altamira (eastern Caracas), an anti-government stronghold; no new images have been shown of brave and dashing protesters with bandanna-covered faces clashing with the National Guard in San Cristóbal, in the western state of Táchira; and those who dreamed of a horde of "Gochos" (Tachirans) descending  in an avalanche to stir up revolt in Caracas have been left with no option but to wake up to reality.

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