Malaysia–Venezuela relations

Malaysia-Venezuela relations

Map indicating locations of Malaysia and Venezuela
Malaysia	Venezuela

Malaysia–Venezuela relations are foreign relations between Malaysia and Venezuela. Malaysia has had an embassy in Caracas since 1990,^[1] while Venezuela has an embassy in Kuala Lumpur. Diplomatic relations were established 18 December 1986.^[1]

Both countries are full members of the Group of 77.

President Hugo Chavez first visited Malaysia in 1999,^[2] and visited again in August 2006^[3] to discuss investments in Malaysia's palm oil industry, to diversify Venezuela's energy industry. Malaysia promised to support Venezuela's bid for a seat on the UN security council.^[4][5] During the trip an agreement on avoiding double taxation was signed.^[6] Chavez proposed in December 2006 that Venezuela would build an oil refinery in Malaysia,^[7] and Golden Hope, a Malaysian state-owned palm oil company, agreed with the Venezuelan state oil company to cultivate 40,000ha of oil palms in Venezuela,^[8] while Malaysian company Petronas would start oil exploration in Venezuela.^[9] Malaysia also agreed to help Venezuela with city planning.^[10]

A Malaysia-Venezuela Business Council was formed in July 2008,^[11] partly so that Venezuela could learn from Malaysian experience in poverty reduction.^[12] Bilateral trade was only US$6.6 million in 1990, when the countries signed a bilateral trade agreement,^[13] US$30.6 million in 1998, when Venezuela set up legal protections for foreign investments,^[14] US$19.8 million in 2004,^[3] US$39.6 million in 2005,^[8] and US$61.68 million in 2007, with only $250,000 being exports from Venezuela.^[1] The Venezuelan ambassador to Malaysia proposed in February 2009 that the two countries form a new financial institution for developing countries.^[15]

Malaysia held a "Venezuela Week" in July 2006,^[16] 2007,^[17] and 2008.^[18][19]

See also

• Foreign relations of Malaysia
• Foreign relations of Venezuela

References

1. ^ ^{a b c} "Profile". Embassy of Malaysia, Caracas. http://www.kln.gov.my/perwakilan/caracas/profile. Retrieved 2009-07-13. ^{[dead link]}
2. ^ "Venezuelan president gets red-carpet welcome in Malaysia". Associated Press. 19 October 1999. http://nl.newsbank.com/nl-search/we/Archives?p_product=NewsLibrary&p_multi=APAB&d_place=APAB&p_theme=newslibrary2&p_action=search&p_maxdocs=200&p_topdoc=1&p_text_direct-0=0F8A220B4EB52AEB&p_field_direct-0=document_id&p_perpage=10&p_sort=YMD_date:D&s_trackval=GooglePM. Retrieved 2009-07-13. 
3. ^ ^{a b} "Chavez making second visit here Sunday". Daily Express (Malaysia). 26 August 2006. http://www.dailyexpress.com.my/news.cfm?NewsID=44063. Retrieved 2009-07-13. 
4. ^ "Chavez in Malaysia: palm oil, biofuels, geopolitics and ideology". Mongabay. 29 August 2006. http://news.mongabay.com/bioenergy/2006/08/chavez-in-malaysia-palm-oil-biofuels.html. Retrieved 2009-07-13. 
5. ^ Reuters (28 August 2006). "Venezuela gains support of Malaysia in UN bid". The Montreal Gazette. http://www2.canada.com/montrealgazette/news/story.html?id=0a3e7c15-d1bb-4cb5-9f43-984be8f12fda. Retrieved 2009-07-13. 
6. ^ "Malaysia, Venezuela ink pact on avoidance of double taxation". People's Daily (China). 29 August 2006. http://english.peopledaily.com.cn/200608/29/eng20060829_297563.html. Retrieved 2009-07-13. 
7. ^ The Associated Press (18 December 2006). "Venezuela, Malaysia May Team on Refinery". Washington Post. http://www.washingtonpost.com/wp-dyn/content/article/2006/12/18/AR2006121801540.html. Retrieved 2009-07-13. 
8. ^ ^{a b} "Malaysia gateway to Asean". The Star (Malaysia). 19 December 2006. http://thestar.com.my/news/story.asp?file=/2006/12/19/nation/16359984&sec=nation. Retrieved 2009-07-13. 
9. ^ Abu Bakar, Zubaidah (21 December 2006). "Petronas set to play role in Venezuela oil sector". New Straits Times. http://www.highbeam.com/doc/1P1-132656972.html. Retrieved 2009-07-13. 
10. ^ "Venezuela, Malaysia to cooperate in city-planning construction". People's Daily (China). 18 December 2006. http://english1.people.com.cn/200612/18/eng20061218_333611.html. Retrieved 2009-07-13. 
11. ^ "Malaysia - Venezuela Business Council". Embassy of Malaysia, Caracas. http://www.kln.gov.my/perwakilan/caracas/event/1312. Retrieved 2009-07-13. ^{[dead link]}
12. ^ "Venezuela keen to learn from Malaysia's experience in poverty eradication: FM". People's Daily (China). 18 December 2008. http://english.people.com.cn/200612/18/eng20061218_333697.html. Retrieved 2009-07-13. 
13. ^ "Malaysia, Venezuela sign trade pact". New Straits Times. 28 November 1991. http://news.google.com/newspapers?id=GbYTAAAAIBAJ&sjid=OJADAAAAIBAJ&pg=6936,5286301&dq=malaysia+venezuela. Retrieved 2009-07-13. 
14. ^ "Venezuela offers legal protection for investments". New Straits Times. 21 October 1999. http://news.google.com/newspapers?id=RA4WAAAAIBAJ&sjid=dxQEAAAAIBAJ&pg=6751,2991558&dq=malaysia+venezuela. Retrieved 2009-07-13. ^{[dead link]}
15. ^ "Developing Countries Should Establish Own Financial Institution". Bernama. 13 February 2009. http://www.bernama.com/bernama/v5/newsgeneral.php?id=389651. Retrieved 2009-07-13. 
16. ^ "First Venezuelan Week in Malaysia". Embassy of Venezuela in Malaysia. http://www.venezuela.org.my/Photo%20Gallery/venezweek.html. Retrieved 2009-07-13. 
17. ^ "Malaysia to host Venezuela Week". People's Daily (China). 1 July 2007. http://english.people.com.cn/200706/30/eng20070630_389023.html. Retrieved 2009-07-13. 
18. ^ "Bringing Venezuela to Malaysian Students". Sunway University College. 9 July 2008. http://www.sunway.edu.my/index.php?option=com_content&task=view&id=1308&Itemid=167&lang=iso-8859-1. Retrieved 2009-07-13. 
19. ^ Jayaraj, Jayagandi (24 June 2008). "Various activities lined up for Venezuela week". The Star (Malaysia). http://thestar.com.my/metro/story.asp?file=/2008/6/24/central/21590640&sec=central. Retrieved 2009-07-13. 

External links

• Bilateral relations between Venezuela and Malaysia, Venezuelan Embassy in Malaysia