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Venezuelan National Assembly Deputy Nicolás Maduro Guerra meets with the Director General for Latin America and the Caribbean of the Chinese Ministry of Foreign Affairs Cai Wai in Caracas. Photo: Twitter/@nicmaduroguerra

Chinese Investors Acknowledge Venezuela’s Special Economic Zones Law

By Ana Perdigón
Venezuelan National Assembly Deputy Nicolás Maduro Guerra meets with the Director General for Latin America and the Caribbean of the Chinese Ministry of Foreign Affairs Cai Wai in Caracas. Photo: Twitter/@nicmaduroguerra

Venezuelan National Assembly Deputy Nicolás Maduro Guerra, president of the Venezuela-China Parliamentary Friendship Group, has reported that the Organic Law of Special Economic Zones will be presented to Chinese private investors.

The presentation of the Special Economic Zones Law arises from China’s interest in exchanging experience and knowledge and strengthening projects in Venezuela.

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Deputy Maduro Guerra made these comments after a meeting between the Venezuela-China Friendship Group and a delegation from China, which was headed by Cai Wei, director general for Latin America and the Caribbean of the Chinese Ministry of Foreign Affairs.

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Maduro Guerra explained that Cai Wei had informed the Venezuela-China Friendship Group that China is interested in the SEZ Law and associated norms, since China considers Venezuela a strategic ally in Latin America.

Wei also told the Venezuelan deputies that Chinese investors are interested in broadening their activities in the five SEZs that have been defined in the law, namely, Paraguaná (Falcón state), Puerto Cabello-Morón (Carabobo state), La Guaira (La Guaira state), Margarita Island (Nueva Esparta state), and La Tortuga Island (federal insular region).

Maduro Guerra added that there was also a discussion on a visit to China by the parliamentary friendship group and a tour by Chinese parliamentarians in Venezuela. These visits would serve to strengthen and broaden parliamentary relations between the two countries.

 

(RedRadioVE) by Ana Perdigón

Translation: Orinoco Tribune

OT/FV/SC

Ana Perdigón
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