Venezuelan president Hugo Chavez and Chinese vice president Zeng Qinghong signed on Saturday several agreements on oil, agriculture and technology.
In whole, two presidents signed a total of 19 agreements after discussing technological cooperation, as well as mining, oil and gas projects, according to a statement issued by Venezuela information ministry.
Chavez considered those agreements to be very useful in setting the relationship with China And Russia. "Each agreement will turn into a thousand things," he said after the signing ceremony at the presidential palace.
On a visit to Beijing last month, Chavez signed agreements boosting Chinese investment in Venezuela's rich oil and gas resources.
The deals also involved the construction of a railroad in eastern Venezuela, the purchase of a satellite to improve telecommunications in the South American country, and the purchase of radars to tighten security along its border with Colombia.
Venezuela expects trade with China to reach $3 billion this year due to the trade deals signed in December.
