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25 October 2020 06:46 PM

Venezuela

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Economic Relations

Monday، 01 February 2016 12:00 AM

Bilateral trade:

Value in Millions Dollars

 

2008

2009

2010

2011

2012

Egyptian Exports to Venezuela

4

3

3

6

5

Egyptian Imports From Venezuela

11

54

48

4

45

Total value of trade

15

57

51

10

50

Trade Balance

-7

-51

-45

2

-40

One of the most important fields of bilateral cooperation is Gas. The Egyptian “Engineering for the Petroleum & Process Industries (ENPPI) Company is working in Venezuela since 2006 in contact with PDVSA-GAS and implemented several successful projects.

Contractual framework

1. Signed Agreements:-

• Agreement on Cultural cooperation. 21/7/1981 - 9/12/1981
• Agreement on economic and technical cooperation.14/6/1988 - 26/1/1989
• Parliamentary Friendship group agreement 15/7/1997
• Protocol on political consultations between Ministries of Foreign Affairs of the two countries. 15/7/1997 - 15/7/1997
• Cooperation Agreement in the field of Tourisms 17/6/2000 - 24/9/2001
• Memorandum of understanding between the Ministries of the Foreign Affairs of the two countries for cooperation between the Egyptian institute for Diplomatic Studies and the Venezuelan High Institute for Diplomatic studies " Pedro Gual " 31/1/2005
• Memorandum of understanding in the field of Energy 16/3/2004 - 16/3/2004
• Agreement on Visa exemption for Diplomatic, official, special and service passport. 18/5/2010 - 26/12/2012
• Agreement on cooperation in the field of Media and Information. 18/5/2010 - 18/5/2010
• Memorandum of understanding in the field of Management of water for agricultural uses. 18/5/2010 - 18/5/2010
• Agreement on cooperation in the field of Education. 18/5/2010 -18/5/2010
• Executive program on cultural exchange for the years 2010/2012. 18/5/2010 - 18/5/2010

2. Draft Agreements:-

• Executive program on cooperation in the field of tourism.
• Agreement on cooperation in the field of prevention of illegal consumption and repression in the traffic of illegal narcotic drugs, psychotropic substances and chemical precursors as well as related crimes.
• Agreement for the encouragement and protection of Investments.
• Memorandum of understanding on technical cooperation in the fields of agriculture, livestock, fish wealth, food technology and forestry.
• Agreement on cooperation in the field of science and technology.
• Agreement on cooperation in the field of agricultural matters.
• Memorandum of understanding on cooperation in the field of water resources.
 

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