CVG executives present Guayana potentials to US embassy economic team

<a href=www.vheadline.com>Venezuela's Electronic News Posted: Monday, May 19, 2003 By: David Coleman

US Caracas embassy representatives have been shown the importance of CVG projects promoted abroad, reaffirming confidence in foreign investments to Venezuela.  Economic counselor Richard Sanders, Mining & Oil Attache Darnall Stewart and economic specialist Yuri Flores spent two days as guests of the CVG to review development projects in the Guayana region towards the possibility of establishing strategic alliances with major US companies.

Sanders is reported as saying it was interesting to get to know the extent of the CVG's labor  force and described speaking with the president of CVG, Major General (ret.) Francisco Rangel Gomez as "very profitable ... it seems very important to attract international business clients who would be able to contribute capital and technology.”

Rangel Gomez expressed his satisfaction at being able to show off the Guayana region's potentials, assuring his visitors that the CVG guarantees successful trade relations between Venezuela and its trading partners ... despite Venezuela's "unusual situation" last December, CVG affiliates had broken production records ... indicating the strategic importance of work done in the Guayana region which has contributed 215 billion bolivares in income taxes and 9% of Venezuela's GPD, as well as 36% of non-traditional Venezuelan import (i.e. excluding oil).