Venezuelan Guayana Corporation (CVG) submits industrial exchange proposals with Brazil

<a href=www.vheadline.com>Venezuela's Electronic News Posted: Monday, June 23, 2003 By: David Coleman

Following up on a bilateral Brazil-Venezuela Enterprise Meeting in Manaus (Brazil), the Venezuelan Guayana Corporation (CVG) has submitted defined proposals for commercial and industrial exchange in hydroelectric power, iron & steel, aluminum, forestry, utilities and tourism sectors.

Some 400 Venezuelan and Brazilian businessmen had met in Manaus to thrash out details work and project achievements, including the second bridge over the Rio Orinoco ... 60 % has already been completed in a joint Venezuelan-Brazilian venture and is on-schedule for completion by the second half  of 2004.

Venezuelan- Brazilian Chamber of Commerce president Jose Francisco Marcondes explains that a Guayana Steel project aims to produce 1 million metric tonnes of especial iron for the automotive industry and expresses satisfaction over the quality and quantity of results from the Manaus meeting with representatives from Venezuela's Bolivar State and Brazil's Amazonas region ... "we feel a certain amount of cohesion between both nations and we have high hopes for exchange possibilities in agriculture, agro-industrial, tourism and the metal-mechanic sector where our focus is on each region's potential to provide raw materials and technology."