President Nicolas Maduro Signs Agreement to Enhance Economic Relations with China

President Maduro emphasized that this law ensures the strengthening of economic relations between both countries. Nov 13, 2024 Photo: @EmbaVEChina

November 13, 2024 Hour: 7:46 pm

“Today I sign the Approval Law of the Agreement between China and Venezuela regarding the promotion and protection of investments,” stated the president, highlighting the significance of this strategic partnership.

The President of the Bolivarian Republic of Venezuela, Nicolas Maduro Moros, has enacted the Approval Law of the Agreement for the Promotion and Protection of Investments between the Government of Venezuela and the Government of the People’s Republic of China.

This agreement, deemed historic, was previously approved by the National Assembly (AN). During the event held at the National Economic Council, Maduro emphasized that this law ensures the strengthening of economic relations between both countries.

The Chinese ambassador to Venezuela, Lan Hu, expressed gratitude to the Venezuelan government and stressed that this treaty will serve as a governmental mechanism to stimulate reciprocal investments and trade.

Hu also expressed confidence that both governments, along with public and private productive sectors, will further strengthen this commercial link. Finally, Maduro underscored that the future of humanity must be a “shared destiny,” advocating for peace and international cooperation without conflicts.