Venezuela – China Entrepreneurial Committee Installed in Beijing to boost trade relations

The Bolivarian Republic of Venezuela and the People’s Republic of China installed the bilateral Entrepreneurial Committee in Beijing, last Saturday. This committee will be the governing and facilitating body for the economic relations, investment enhancement and the fluid trade between both nations. 

“That is how we shall assume it. I have great expectations that this committee will assume the direction of a new economic phase for the diversification of the relations, in every sense (…) We desire Venezuela-China Entrepreneurial Committee  gives rise to a new era in the relations, a new era of prosperity”, said the Venezuelan  head of State, Nicolás Maduro, during the installation event.

In this framework and based on the bi-national relations trust and friendship, the Venezuelan President assured Chinese entrepreneurs the protection of the Chinese investments in Venezuela and the promotion mainly of the trade and economic alliances between the private and public sector from both Republics.

“Both China and Venezuela have everything to strongly boost trade and investment relations”, he highlighted.

During his speech, he invited Chinese entrepreneurs to believe in the oil country and to “open the doors” for the economy diversification.

On his part, the Chinese President of the Venezuela-China Entrepreneurial Committee, Zheng Changhong, expressed full confidence in the trade and economic perspectives between Caracas y Beijing.

In this light, he announced an active promotion of the cooperation mainly regarding the energy and mining fields, for the mutual benefit.

The Chinese party assured the continuity of the entrepreneurial committee and committed itself to help its members in the search for further opportunities and enhancement of the Chinese enterprises investment in the Bolivarian nation.

Shanghai World Trade Fair

Simultaneously, President Nicolás Maduro announced the Venezuelan participation in the Shanghai World Trade Fair to be held in the Chinese city, from November 5th to 10th, 2018.

“We must prepare all the work for Venezuela to have a brilliant participation in the Shanghai World Trade Fair, to bring our exportation offer and for it to be a success specially to boost and enhance trade relations in the framework of mutual benefit”, he added.


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