Monday, March 30, 2009

Venezuela and Iran meet to discuss joint projects

The higher-ups of Venezuela and Iran's respective governments met in Caracas to go over a handful of planned joint-projects. The meeting was headed by the foreign ministers of Iran and Venezuela, Manouchehr Mottaki and Nicolás Maduro according to this report from the Latin American Herald.

Another issue which was discussed was the potential of the creation of a Venezuelan-Iranian Investment Fund. The ultimate goal of a such would be to promote the exchange of raw material for technology, technology projects, the construction of a cement factory, projects in the energy sphere and the construction of machinery plants which would produce tractor and other auto parts."

Chavez went one step further and explained “I’m going to Iran to continue fortifying relations with Iran, because among other things we’re installing the Iranian-Venezuelan bank."

For a country like Iran this sounds like a pretty sweet deal. After years of relative isolation from the global community and market place Iran has become pretty good at producing a variety of goods domestically. Exchanging the skills Iran developed over the years for economic and technological benefits from Venezuela is a great way to exploit your skills and services that are otherwise unwanted anywhere in the world outside of lawless Iraq.

For Venezuela on the other hand, increasing levels of economic, technological or political cooperation with a country like Iran can yield no net benefit. The world will only further ostracize Venezuela and demonize Hugo Chavez for this.

I feel for the innocent Venezuelans who where simply fun loving, baseball playing, oil exporting Latino's a few years back... Now Venezuelan friends of mine are canceling weddings and family reunions here in New York City because of either

a) their families have suddenly been denied visas or,

b) the new rules which limit the amount of cash Venezuelan's can take out of the country just SLIGHTLY hinder a expensive life event like a wedding.

For Venezuelan's this must hurt, especially considering until a decade ago securing a U.S visa for a Venezuelan was far easier than for a Peruvian, Ecuadorian Mexican or Salvadorian.