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News > Latin America

Venezuela Strengthens Economic and Trade Relations with Belarus

  • Venezuelan and Belarusian delegations meet in Belarus.

    Venezuelan and Belarusian delegations meet in Belarus. | Photo: @CancilleriaVE

Published 27 November 2017

“Both sides intend to move forward, resolve issues together, and advance toward prosperity together,” the Venezuelan minister said.

The arrival of a Venezuelan delegation to Belarus this weekend is a testament to the country’s willingness to cement stronger bilateral ties, said Deputy Prime Minister Vladimir Semashko.

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Venezuelan Vice President for Planning Ricardo Menendez will spend the day speaking with officials from the Belarus High-Level Mixed Commission to discuss the implementation of a roadmap of cooperation, focussing on industry-specific solutions and strengthening trade and economic cooperation, BelTA reported.

“The key to the successful implementation of the roadmap will be the development of joint events in sector-specific areas of cooperation. The history of our relations shows that we are capable of addressing the big tasks we have outlined in the draft roadmap,” Semashko said.

"Installed High-Level Mixed Commission Venezuela-Belarus. Formulation of the roadmap associated with the Bolivarian Economic Agenda. New international financial architecture, productive and twinning as a shield and construction of the future in the Patria 2030 Plan,” Menendez said on Twitter.

When Venezuela overcomes its economic situation and regains stability, Menendez said, the world will know it was thanks in part to Belarus and their booming automotive industry.

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“Both sides intend to move forward, resolve issues together, and advance towards prosperity together,” the minister added.

He went on to say that solid relations have been established and the nations are determined to jointly develop practical solutions and implement projects in both home countries in the years to come. One of these would be the Great Housing Mission which has already proved successful in Venezuela.

The new international financial venture coincides with the Bolivarian Economic Agenda, the vice president explained on his Twitter account.

The Belarus-Venezuela Commission was founded in 2016 with the premise of improving and extending the correlations between both governments in the area of housing, habitat, infrastructure, the agricultural sector, food, scientific-technological and energy development, as well as strategic military collaboration and petrochemical.

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