The ambitious project aims to produce traditionally imported inputs, such as seeds, fertilizers and other agrochemicals, but with "an environmental perspective," said Menendez.
Several China-Venezuela joint ventures are already at a stage where they can expand their production lines and seek out new export markets.
The joint venture between Venezolana de Industrias Tecnologicas (VIT) and China's multinational IT company the Inspur Group is one of them, as it looks to increase its computer assembly operation for export.
Mobile phone makers Venezolana de Telecomunicaciones (VTELCA) and China's ZTE Corporation "are expanding with another five production lines," said Menendez.
In the automotive sector, Venezuela's Chery-brand carmaker is also poised to roll out more vehicles, not just for a government-backed plan to modernize the country's fleet of taxis, but also for foreign markets.
Finally, as part of a push to diversify its economy, Venezuela has launched Arco Minero del Orinoco, a large-scale mining project in which Chinese companies will be taking part.
Arco Minero is designed to position the country as a key supplier of gold, diamonds, bauxite, copper and coltan.
【国内英语资讯:Spotlight: China-Venezuela cooperation eyes new development projects】相关文章:
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