Brazilian President Joao Baptista Figueiredo arrived in Venezuela on Tuesday (6 November) -- his first official visit since taking office in March.
Brazilian President Joao Baptista Figueiredo arrived in Venezuela on Tuesday (6 November) -- his first official visit since taking office in March. It was also the first State visit to Venezuela by a Brazilian head-of-state in more than a hundred years.
SYNOPSIS: Venezuelan President Luis Herrera Campins welcomed the Brazilian President at an official ceremony at the Miraflores Palace in Caracas.
President Figueiredo replied to the welcome and remarked on the growing bilateral tied between Venezuela and Brazil. His visit is seen as recognition by the two governments as what some observers called the "complementary nature of the two economies". Senor Figueiredo was accompanied by a large delegation of public and private sector representatives during his two day visit to the Venezuelan capital. Senior officials of the Brazilian State oil company, Petrobas, and more than a hundred private businessmen were also a part of the tour.
Brazil's principal interest in Venezuela has been in securing greater oil supplies. Venezuela expects to earn about eleven point seven billion dollars this year from oil exports.
But the strongest element in the new friendship between the two countries is likely to be the commercial agreements expected in steel, bauxite, road transport, aeronautics and nuclear technology. Co-operation on heavy oil technology is also on the agenda for the future. President Figueiredo said his main aim is to establish a firm and solid friendship.