Venezuela and Brazil Strengthen Economic Ties
Posted: Monday, December 17, 2007
Venezuelan President Hugo Chavez and his Brazilian counterpart Luis Inacio Lula da Silva signed nine cooperative agreements last week in Caracas. Both countries agreed to strengthen ties in the areas of health and agriculture, as well as the joint construction of an oil refinery, a bilateral development fund, and cooperation in the petrochemical sector.
Both leaders described it as their most important meeting to date when they met for a few hours in Caracas last week. Lula and Chavez agreed to meet four times per year starting in 2008 and the two countries plan to create a joint development fund to finance future joint projects.
Full Article : venezuelanalysis.com