China, Venezuela discuss cooperation deals

china vene

Chinese Foreign Minister Wang Yi, on a tour of Latin America, met his Venezuelan counterpart Elias Jaua Monday to discuss boosting cooperation in a range of areas including energy.

The diplomats also talked about enhancing collaboration on industrial development, as well as education, housing and cultural matters, the Venezuelan foreign ministry said.

Beijing is an important source of investment capital for Venezuela, which sits atop the world’s largest proven crude oil reserves.

In September, China pledged to invest more than US$20 billion in Venezuelan oil and social cooperation when President Nicolas Maduro paid his first visit to Beijing.

China and Venezuela had trade worth more than US$20 billion in 2012.

Wang, who was due to meet later with Maduro, an elected socialist, voiced support for political dialogue aimed at ending more than than two months of opposition protests against widespread shortages, hyperinflation and the repression of demonstrators.

“We trust in the ability and intelligence of the Venezuelan people to settle independently and on their own, the current problems,” Wang said, describing the countries as “friends … who understand and support 21st century socialism.”

At least 41 people have been killed since a wave of demonstrations against Maduro’s government broke out in early February.

Maduro, the hand-picked successor to the late leftist icon Hugo Chavez, was narrowly elected to office in a controversial election one year ago.

A former bus driver and union leader and the self-proclaimed political “son” of Chavez, Maduro was sworn in on April 19, 2013, pledging to carry on his mentor’s socialist legacy.

The top Chinese diplomat arrived in Caracas from his first stop in the region, Cuba.

China is Cuba’s number two economic partner after Venezuela and is a critical source of financing for the Americas’ only Communist-run nation, which is cash-strapped and cannot get financing from most lenders.

After his Venezuelan visit, Wang was to head to Argentina and Brazil, the latter being South America’s industrial, farm and financial giant.





Source : Channel News Asia | April 22, 2014


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Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
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