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Lukashenko, Chavez to discuss joint large-scale projects

CARACAS, 26 June (BelTA) – Today Belarus President Alexander Lukashenko is set to hold negotiations with President of the Bolivarian Republic of Venezuela Hugo Chavez, BelTA has learnt.

It is expected that the agenda of the meeting will include development of trade and economic relations between the two countries, implementation of bilateral projects in various areas. The two heads of state will outline new cooperation areas.

Due to the agreements made at a high level, trade and economic cooperation has been steadily developing between Belarus and Venezuela. The mutual trade increased 200 times from $6 million in 2006 to $1.3 billion in 2011.

The two countries implement joint projects in oil and gas production, petrochemistry, housing construction, industry, agriculture, energy, science, technologies, education and culture.

Among promising projects is setting up a company in Venezuela to mix phosphoric, nitrogen and potash fertilizers for sales in the Latin American region.

As for housing construction, Belarusian builders constructed the first 1,800 apartments in Maracay in December 2011. An estimated 2,520 more apartments will be ready there by the end of June. Besides, housing construction is underway near Libertador and in Miranda and Barinas States.

Two plants producing brick and MTZ tractors have been put into operation this year. A plant to produce MAZ vehicles is ready for operation. There has been launched a project of a company to manufacture road construction equipment.

In agriculture Venezuela aims at reducing the imports via active development of its agro-industrial complex. Belarus is ready to set up high-technology agro-industrial companies in Venezuela and train Venezuelan specialists. Moreover, the construction of an agro-industrial town is underway in Guarico State.