Iran Press/ Asia: In promoting stronger ties between the two countries, China’s President Xi Jinping signed the deals with Venezuela President Nicolas Maduro after a meeting in Beijing.
Xi pointed out that the two countries are partners with shared development, state media reported, highlighting that both are “good friends with mutual trust.”
Xi also noted that next year will be the 50th anniversary of the establishment of diplomatic relations between China and Venezuela.
The two countries also signed deals on the economy and trade, science and technology, civil aviation, and aerospace.
Venezuela said it actively supports China’s Belt and Road Initiative to boost global trade infrastructure, Chinese state media said, referring to the upcoming conference in China next month. China has said it has signed Belt and Road cooperation agreements with more than 150 countries and over 30 international organizations.
Maduro said Venezuela is also willing to closely communicate and cooperate with China within multilateral frameworks such as the BRICS mechanism and the United Nations.
Venezuela is actively courting membership of BRICS, a group of major emerging economies - Brazil, Russia, India, China and South Africa, which recently favoured expansion and welcomed new members.
China says it has signed Belt and Road cooperation agreements with more than 150 countries and more than 30 international organisations.
Maduro said Venezuela is also willing to closely communicate and cooperate with China within multilateral frameworks such as the BRICS mechanism and the United Nations.
Venezuela is actively courting membership of BRICS, a group of major emerging economies – Brazil, Russia, India, China and South Africa, which recently favoured expansion and welcomed new members.
China is Venezuela’s main creditor, loaning about $50bn to the OPEC member in the 2010s. Venezuela is repaying the debt with shipments of oil, of which it has some of the largest reserves in the world.
China’s foreign ministry spokesperson Mao Ning has hailed ties with Venezuela as “rock solid”, calling the two countries “comprehensive strategic partners”.
About seven million people have left Venezuela during a complex political and humanitarian crisis that has been continuing for the past decade. The country is reliant on oil as its main export but has faced sanctions from the United States.
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