Economy 10-07-2018

Venezuela strengthens diplomatic and economic ties with Turkey

President Maduro met on Tuesday in Istanbul with Turkish businessmen to consolidate the relations between both nations and highlight the investment opportunities of his country.

Venezuelan President Nicolás Maduro met Tuesday in Istanbul, Turkey with businessmen from this country, with the intention of fostering cooperative relations between both nations.

"We have brought a complete document of all the investment opportunities, it is the first scenario where Venezuela comes out with a detailed investment proposal," declared President Maduro at a meeting of the "Turkey-Venezuela Business Forum", an extraordinary forum organized by the Turkish organization of economic external relations DEIK.

The Venezuelan president went to Turkey last Sunday to attend the inauguration of his Turkish counterpart Recep Tayyip Erdogan .

In this way, the Venezuelan head of state congratulated Erdogan for the renewal of his position, and advanced to those attending the ceremony the intentions of Venezuela to continue strengthening business and diplomatic relations.

"Turkish brothers, Venezuela is advancing in what could be the world's first gold reserve, we are making investments to be a gold exporting power," President Maduro said.

The president also pointed out to the Turkish businessmen about the creation of the petro cryptocurrency,a mechanism to avoid the financial blockade suffered by the country by the international right.

"This cryptocurrency called petro, which will equal five thousand barrels of oil, we will create to open a new stage in Venezuela," he said.

Both countries signed agreements in different areas, including economic cooperation, and Maduro was one of the first heads of state to congratulate Erdogan for his triumph in the elections held two weeks ago.


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