Venezuela Signs Agreements with China

Venezuela Signs Agreements with China Caracas, Jan 26. – In order to strengthen national food sovereignty, the governments of China and Venezuela signed a cooperation agreement for the import of oilseeds, leguminosae and cereals.

A press release from the Foreign Ministry said that the signing of the agreement was carried out by Quian Baim, president of the Chinese company Heilongjiang Beidahuang State Farm Business Trade Group, and the Venezuelan Minister of Food, Carlos Osorio.

Under the agreement, Venezuela will have food stocks for three months, which will allow the people to access the products continuously and without any difficulty.

Thus, it begins the first phase for the storage of soybeans, black and white beans and soybean crude oil from the Asian nation.

The second phase includes other fields, to be evaluated by a Venezuelan technical committee through a visit to China, says the text of the Foreign Ministry.

The according to the press release, the products will arrive in no more than 45 days.

Venezuela has food reserves equivalent to 692 thousand tons of products in food facilities located throughout the national territory for one and a half month.

The Venezuelan minister said that to achieve the goal of having reserves for three months they will also have the support of other nations with which the Bolivarian government has excellent relations.(Prensa Latina)