Bolivia and Venezuela publicly pledged to boost cooperation between their textile industries during a visit to Bolivia from Venezuelan president Nicolas Maduro. Maduro and Bolivian president Evo Morales signed an agreement to develop their industries in tandem.
The occasion of Maduro’s visit was the second official meeting of the Bolivia-Venezuela Joint Integration Committee. As part of the meeting, the textile agreement was only one of many agreements signed by the two presidents, who also signed 22 cooperation measures in food, education, culture, energy, and communications.
In order to promote one another’s textile growth, joint development strategies will be formed, new facilities will be jointly built, and bilateral meetings between the two countries will be held every three months to review the achievements and progress of cooperation and development in the two countries.