Venezuela and China signed a memorandum of understanding for the development and modernization of special economic zones within the framework of the international tour made by President Nicolás Maduro through that Asian nation.
“This document has to do with the field of cooperation, development, and modernization of special economic zones,” says the note released by the Ministry of Communication and Information.
According to the text, the treaty was signed between the National Superintendence of Special Economic Zones of Venezuela and the Research Center of Special Economic Zones of the University of Shenzhen in China.
“In the case of Venezuela, with the Special Economic Zones, a model of sovereign economic development and national production is strengthened that guarantees the productive chain, legal security, social justice, and environmentally sustainable means,” the note indicates.
Maduro arrived in China with the purpose of strengthening bilateral cooperation.
The Venezuelan president held a meeting with the general secretary of the Communist Party of China, Huang Kunming, where he stressed that these special zones are “a way to diversify the economy and to expand the productive forces of Venezuela, linked to the high technology of this new era.”
