Belarus, Venezuela discuss agreement on mutual deliveries

14.04.2018 12:19 / Belarus / Venezuela

MINSK – Belarus' Ambassador to Venezuela Oleg Pafenov met with Venezuela's Vice President for Planning, co-chair of the Belarusian-Venezuelan joint commission on trade and economic cooperation Ricardo Menendez, BelTA learned from the press service of the Belarusian Ministry of Foreign Affairs.

“The parties discussed bilateral industrial cooperation, the implementation of joint projects and the agreement on the shipment of Venezuelan products to Belarus on the terms of counter deliveries,” the Belarusian ministry said.

Earlier it was reported that the parties had agreed on the mechanism to alleviate some of the issues in trade and economic cooperation. The matter is about supplies of Belarusian vehicle sets to Venezuela in exchange of supplies of hot briquetted iron for the needs of the Belarusian steel mill BMZ. Back in October 2017, Belarus Industry Minister Vitaly Volk pointed out that it was not about the commodity exchange and that all relevant trade transactions would go “through money”.

Venezuela is home to the joint venture MAZVEN that assembles MAZ trucks, Veneminsk Tractores C.A. assembling Belarus tractors and the factory assembling heavy-duty road construction equipment Empresa Socialista de Maquinarias Barinas, S.A.

Source: BelTA

Read also

18.01.2019 11:04
Belarusian economy is recovering due to improved policy frameworks. However, rising public debt, high dollarization, and the uncertainty about Russia's tax maneuver pose risk
18.01.2019 10:52
The trade between the two countries significantly increased in 2018. Uzbekistan's export of goods and services to Belarus increased by 1.5 times, compared to 2017. Mutual trade increased 2.5 times
18.01.2019 10:22
Another 15 MAZ-206 buses have been delivered to Cheboksary, the capital city of the Chuvash Republic, Russia. The buses were delivered in line with the contract signed by OOO GlavMAZtorg and the Chebo...