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China, Venezuela discuss 10-year cooperation plan

Xinhua, June 30, 2015 Adjust font size:

Venezuela and China on Monday assessed progress in bilateral projects and drafted a 10-year cooperation plan as part of their comprehensive strategic partnership.

The plan was drafted during the 4th technical meeting of the China-Venezuela High-Level Joint Commission that opened here on Monday.

Addressing the opening session of the three-day meeting, Venezuelan Vice President for Planning Ricardo Menendez said the goal of the meeting was to agree on projects that will help spur development in both nations.

"We are going to be working on the topic of telecommunications," to provide computer tablets for university and primary school students, install related factories and build undersea cables to connect with other parts, such as the Caribbean, said Menendez.

Also on the agenda are plans to boost Venezuelan industry by expanding cement plants, and iron, aluminum and paper manufacturing, and by bolstering infrastructure at ports and airports.

"Later, we are going to be discussing oil cooperation and aspects related to strategic topics, such as housing," said Menendez.

The government of President Nicolas Maduro is "very pleased" with the wide degree of complementarity between the two countries and will continue working to strengthen economic and trade ties between China and Latin America, said the official.

Wang Jianjun, secretary of the China-Venezuela joint commission said the meeting provides an opportunity to "exchange ideas about priority development projects", adding that "we believe with mutual efforts we will achieve very successful results."

Venezuela has signed nearly 400 cooperation agreements with China in the energy, oil, education, health, technology, trade, housing, agriculture, infrastructure, industry, culture and sports sectors, among others.

The South American country supplies China with nearly 600,000 barrels of oil a day as part of a strategy to diversify its market.

In July 2014, the two nations raised ties to the level of a comprehensive strategic partnership during a visit to Caracas by Chinese President Xi Jinping. Endit