The Kingdom has shown interest in seeking Venezuela's cooperation in formulating a strategy for poverty alleviation using the Latin American nation's experience in social welfare programs. Venezuela's Ambassador Ramon Herrera Navarro said his country was negotiating the signing of a Memorandum of Understanding between the two the countries. It would lead to a wide-ranging cooperation agreement with the Kingdom in technical, financial, economic and cultural fields as well as in tourism promotion. "We are also trying to implement a cultural agreement that we have signed," the ambassador said, adding that the framework for cooperation in these areas was discussed by a high-level delegation to Venezuela earlier this year.
Ambassador Navarro said that an agreement on a reciprocal promotion and protection of investments, another to avoid double taxation on the income tax and a third on cooperation between municipal organizations of the capital cities of both countries were under discussion. He also said a pilot project for setting up an institute for teaching Spanish language was under review. |