Cuba-Venezuela trade likely to reach 3.5 billion USD

Cuba-Venezuela trade likely to reach 3.5 billion USD
04/11/2006 -- 11:01(GMT+7)

Havana (VNA) - Two-way trade between Cuba and Venezuela is expected to
reach 3.5 billion USD in 2006, an increase of 40 percent over the
previous year.

Venezuelan Ambassador to Cuba Adan Chavez told reporters on April 10
that last year Cuba was Venezuela's third largest trading partner,
following the US and Colombia. Two-way trade between the two countries
in 2005 was nearly 2.5 billion USD, of which Venezuela's crude oil
export to Cuba alone reaching up to 1.8 billion USD.

Ambassador Chavez said that his country will further promote trade
cooperation with Cuba, not only in the field of oil and gas, but in
foods, garments, footwear, and building materials as well.

He stressed that Venezuela has paid due attention to medical equipment
and devices made by Cuba and will continuously import a large amount of
these products from Cuba for implementing national health programmes.

Chavez added that the governments of the two countries have agreed to
establish three joint ventures: film, DVDs print and distribution; book
publishing, and a one-billion USD housing programme.-Enditem

http://www.vnagency.com.vn/NewsA.asp?LANGUAGE_ID=2&CATEGORY_ID=34&NEWS_ID=194553