On Monday, the president of the Bolivarian Republic of Venezuela, Nicolás Maduro, along with his counterpart from Turkey, Recep Tayyip Erdogan, signed seven agreements to guarantee the legal security of joint investments in vital areas of the economy, and a political declaration on behalf of to strengthen the ties of bilateral cooperation.
From the Ayacucho Hall of Miraflores Palace, were initialed:
– Letter of intent between the Ministry of People’s Power for Defense and the Defense Industry Presidency of the Republic of Turkey, in the field of Defense.
-Understanding Memorandum on mining cooperation between the Ministry of People’s Power of Ecological Mining Development of the Bolivarian Republic of Venezuela and the Ministry of Energy and Natural Resources of the Republic of Turkey.
– Letter of intent between Petróleos de Venezuela (PDVSA) and Turkish Petroleum International Company, on the oil sector.
– Understanding Memorandum between the Government of the Bolivarian State of Miranda of the Bolivarian Republic of Venezuela and the Government of Istanbul of the Republic of Turkey.
– Cooperation agreement for the establishment of the bilateral business council between Banco de Comercio Exterior (Bancoex), the Ministry of People’s Power for Foreign Trade and International Investment of Venezuela and the Council of Foreign Economic Relations of Turkey.
– Maritime transport agreement between the Bolivarian Republic of Venezuela and the Republic of Turkey.
– Agreement between the Bolivarian Republic of Venezuela and the Republic of Turkey to avoid double taxation and prevent tax evasion in terms of income and wealth taxes.
– Political declaration between the governments of the Bolivarian Republic of Venezuela and the government of the Republic of Turkey.
Venezuela and Turkey maintain brotherly relations since 1950, however, after the rise to power of the leader of the Revolution, Hugo Chávez, they strengthened in areas of mutual interest, such as energy, mining, petrochemicals, agriculture, tourism, security, technology and industrial, education, food, aeronautics, commerce, culture, housing and international development.
