Andean Group - June 2024

VENEZUELA | Investment agreement with China. Venezuela’s Vice President Delcy Rodríguez and China’s deputy trade minister Wang Shouwen signed an agreement on 22 May on the reciprocal promotion and protection of investments. Wang said that “this agreement will undoubtedly provide a strong boost to investment relations,” adding that China will carry out its internal processes related to the deal “as soon as possible”. Rodríguez said that the agreement resulted from President Nicolás Maduro’s visit to China in September last year. No specific details on the deal were made public, although it comes as the Maduro administration is making a concerted effort to attract Chinese investment in Venezuela’s special economic zones (SEZs).

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