The president of China, Xi Jinping, and his Venezuelan counterpart, Nicolás Maduro, signed an agreement this Wednesday to elevate relations between the two countries to the level of “Strategic Partnership to All Trials and All Weather” ».
The commitment, reached during Maduro’s state visit to Beijing, represents a new step in the rapprochement between China and Venezuela, which have already been strategic partners since 2001.
The agreement establishes that the two countries will work together in areas such as the economy, energy, technology and culture. They also commit to strengthening their cooperation in multilateral spaces such as the UN.
Xi Jinping has expressed his support for Venezuela’s efforts to “defend the country’s sovereignty, national dignity and social stability once morest “external interference.”
Maduro, who began his visit on September 8, aspires to achieve more investments from China, as well as political support with a view to his entry into forums such as the BRICS.
The agreement signed this Wednesday is a reflection of the growing importance that China gives to Venezuela, a country with large oil and gas reserves.
The agreement signed between China and Venezuela is an important step in the rapprochement between the two countries. China, the world’s second largest economy, is a key partner for Venezuela, which is going through a deep economic and political crisis.
This might mean an important injection of capital and technology for Venezuela, which urgently needs to reactivate its economy.
The agreement is also a reflection of China’s support for Venezuela. Xi Jinping has expressed his support for Maduro’s efforts to “defend the country’s sovereignty.” This might be interpreted as a rejection of the sanctions imposed by the United States and other Western countries on Venezuela.
The agreement signed this Wednesday is a new challenge for the United States, which has tried to isolate Venezuela on the international stage.
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