China, Venezuela Sign 17 Bilateral Agreements

  30 January 2005

Venezuelan and Chinese officials have signed agreements on oil, agriculture and technology during meetings in Caracas Saturday.

Chinese Vice President Zeng Qinghong and Venezuelan President Hugo Chavez signed 17 bilateral agreements and also discussed cooperation in mining, oil and gas projects, as well as technological partnership.

Last month, Mr. Chavez visited China, where he signed agreements with Chinese President Hu Jintao dealing with economic cooperation and joint oil field exploration.

Venezuela is the world's fifth-largest oil exporter. China, which faces a significant energy shortfall, is looking to strengthen energy cooperation with oil-exporting countries.

Venezuela is the third stop in Mr. Zeng's five-nation tour of Latin America and the Caribbean. He plans to leave Venezuela Sunday for visits to Trinidad and Tobago and Jamaica.

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