Venezuela Εconomic Situation

Svyatoslavich wrote:Also true. But Chavez believed that oil would reach 200 dollars per barrel and his country would live of oil rent like Saudi Arabia. It is shocking that Venezuela, which has lots of fertile lands, imports most of its food from neighbor Colombia.
On the other hand, a good amount of money was invested in not so useful programs like developing a national satellite. Clear case of twisted priorities: invest first in most basic and critical stuff like producing your own food (it is not that Venezuela is a desert), and then slowly but surely start industrializing the country and in a few decades a local developed and produced satellite can be feasible.

Venezuela's economy minister Tuesday visited the Turkish capital Ankara to discuss trade relations between the two countries, with a focus on petroleum.

"We are interested in Venezuela's entire production of petroleum products, petrochemicals and petroleum coke," said Turkey's Economy Minister Nihat Zeybekci at the meeting.

"We want to meet Turkey's needs [from that supply]."

Zeybekci met with his Venezuelan counterpart Simon Zerpa as part of an ongoing process to develop trade relations in line with goals set by President Recep Tayyip Erdoğan and Venezuelan President Nicolas Maduro, who met most recently on Oct. 6.

Tuesday's talks marked the third meeting in 45 days between the leaders of the two countries.

Zeybekci stressed that Turkey and Venezuela hope to expand commercial relations as much as possible in the first months of the new year to reach trade goals by the end of 2018.

"We promise we can come [to an agreement] quickly," said the minister. "By the end of January, the trade will be determined. [We will identify] what products we will buy, what the exchange will be, what we forecast for future trade volume."

"Our mutual trade volume has increased 100 percent during the 10-month period of this year, and at the beginning of 2018 we will produce a big picture [of future trade relations]," Zeybekci added, saying that he and Zerpa plan to meet again before the end of January.

Zerpa said Turkey and Venezuela are working to sign a second agreement on commercial relations.

"We want to establish a strategic partnership between the two countries that will last for the next hundred years," he said, adding that petroleum products made up the bulk of negotiations.

Zerpa also noted the importance of the deal in relation to Venezuela's efforts to revitalize its economy amid its ongoing foreign debt restructure.

Isos wrote:https://www.voanews.com/a/oas-chief-wont-rule-out-military-force-against-venezuela/4572843.html

We could see soon su-30 in action. Will be funny against Super tucanos, kfir and useless gripens.

GarryB wrote:Looking back through this thread it is interesting to see how often members here thought Venezuela was a dead duck and that its economy was about to collapse... even in 2016... since then billions of dollars of gold and assets have been stolen (seized and re-purposed to support the Venezuelan opposition) and they still seem to not be supporting this American led coup... I think the important point here is that any real coup for this minority of people sponsored by the rich in the US who want control of their enormous oil reserves are going to have to put into power a seriously repressive regime to control the population and get them to accept they will remain poor while those in power are going to get very very rich... and probably ultimately leave to live in the US or UK...

But western media hide the truth and continue with the war drums for moral reasons to save the majority from a real chance at a better future...