• Live
    • Audio Only
  • google plus
  • facebook
  • twitter
News > Venezuela

Venezuela and Turkey Formalize Ties at Joint Business Forum

  • Turkey visist Venezuela for the first time to establish financial ties

    Turkey visist Venezuela for the first time to establish financial ties | Photo: teleSUR

Published 3 December 2018

Venezuelan President Nicolas Maduro and Turkish President Recep Tayyip Erdogan participated in a business forum to strengthen relations between the two nations.

President Nicolas Maduro of Venezuela and Recept Tayyip Erdogan of Turkey held a business forum between the two nations Monday, in which the parties formalized the intention of investments totaling some 4.5 billion euros (US$5.1 billion).


Turkish President Erdogan in Venezuela to Meet Maduro, Strengthen Ties

The impetus for talks, in part, stems from U.S. sanctions intended to financially isolate Venezuela by limiting its access to dollar currency, which these business deals aim to ameliorate. "'We have laid the foundations for a very strong and dynamic relationship," said the Venezuelan president to his Turkish counterpart.

Maduro said that it is necessary to create bonds "so that a powerful economy can flourish. " The two nations have passed "from a nonexistent trade" relationship to one of billions of dollars. 

"Venezuela at this time, with the application of the Economic Recovery Plan, is projected to be one of the countries of great international interest of and importance in areas such as oil, gas," said the Venezuelan president.

For his part, Erdogan described the presidential visit he made as historic and said he was honored by the invitation from the South American country. In addition, he thanked the hospitality of the Venezuelan people. "We have a lot of potentials to strengthen" various areas of the economy, said the president of Turkey.

Post with no comments.