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President Ch?vez: Venezuela's technological independence advances with Chinese cooperation

The President of the Bolivarian Republic of Venezuela, Hugo Chávez Frías, said that Venezuela is achieving technological independence with cooperation from the People’s Republic of China.

The statement was made during the signing of various accords between the two countries at Miraflores Palace.  Xi Jinping, the Vice President of China, and business representatives from both countries were present.

President Chávez emphasized that through these cooperative accords, Venezuela is implementing a factory that will allow it and other Latin American countries to become technologically independent.

“This factory and all of these technological cooperation projects allow Venezuelans to achieve technological independence for us and Latin America. Thanks to China and its government, Venezuela is advancing in its technological independence because this had never happened before in Latin America, where in over 100 years there was no attempt for this type of cooperation between us, the countries of the [global] South, and the United States,” he explained.

The agreements signed between the two countries include some related to agriculture, energy and industry, as well as an amendment to the contract of the Chinese-Venezuelan Development Fund that would increase its capital from $6 billion to $12 billion.

“Thanks to this Chinese-Venezuelan fund, we are financing projects in every area related to the country’s development.  Among these are, for example, 41 agriculture projects that are financed by this fund, not just for Venezuela, but contract agreements with firms from other countries, like the mixed socialist firms from Alba to develop deep-sea fishing between Venezuela and Cuba,” the President emphasized.

President Chávez indicated that as a result of the financing that was established between the two countries, 10 new universities at a cost of $78 million will be built in Venezuela.

“As a result of the help from our Chinese brothers, today in Venezuela we are building 10 new universities at a cost of 78 million dollars, of which 44% has already been spent; this financing comes from the Chinese-Venezuelan Development Fund,” he said.

Furthermore, the President referred to irrigation systems being developed in Venezuela and said that $370 million will be allocated for these agricultural plans.

“We are financing a plan for agriculture and the building of rural roads for the irrigation system [at a cost of] 370 million dollars.  Should we not be grateful to China for this strategic financing?” President Chávez said.

Representatives of the Chinese government and businesses were also grateful for the plans being developed in Venezuela through the cooperative agreements established between the two countries.

Agencia Bolivariana de Noticias, Embassy of the Bolivarian Republic of Venezuela Press Office / February 19, 2009

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