First Venezuela-USA Bilateral Business Round June 30 & July 1, 2005.CARACAS, Venezuela -- $350 Million in Business Opportunities The Inaugural Venezuela-USA Business Round: The Government of Venezuela is hosting the first annual Venezuela-USA Business Round, which will be held in Caracas, Venezuela from June 30th to July 1st, 2005. The event will be held at the Caracas Hilton. Organizers expect more than 300 participants. The Venezuela-USA Business Round is open to all American businesses and enterprises, large and small, that would like to open new markets for their goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. , as well as those enterprises interested in Venezuelan products. Venezuela is a growing market, projected to grow at 5.6% this year, and 4.2% next year. The Economist recently published a survey showing Venezuela as leading country in the world in terms of 'confidence that personal fortunes will improve,' ahead of India, Australia and Saudi Arabia Saudi Arabia (sä  `dē ərā`bēə, sou`–, sô–), officially Kingdom of Saudi Arabia, kingdom (2005 est. pop. . "Venezuela sees the US as a key trading partner, and this initiative is meant to create significant support for increased two way trade," according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Ambassador Bernardo Alvarez, Venezuela's ambassador to the U.S. The goal of the business round is to address a major part of Venezuela's import needs for 2005 and 2006, including procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. in the following sectors: --Organic Chemicals (2004 US exports: US $216,821,298) --Electric Machinery (2004 US exports: US $742,950,580) --Plastics and plastics industry machinery (2004 US exports: US $146769279) --Agricultural products and food; (2004 US exports, cereals: US $182,423,232) --Agricultural and industrial machinery (2004 US exports: US $1,563,507,553) --Medical equipment and supplies (2004 US exports: US $209,975,704) --Metals (iron, steel, aluminum) (2004 US exports, iron and steel: US $28,905,674) --Transportation equipment (2004 US exports, not including railway: US $ 301,806,304) Key Venezuelan firms and government agencies are participating, including Petroleos de Venezuela (PDVSA PDVSA Petroleos De Venezuela, SA ), the Venezuelan Ministry of Industry and Trade, the Venezuelan Food Services food services Hospital services A 24/7 department in a hospital that provides for the nutritional needs of inpatients–eg, those needing special diets, preparing meals and transporting them to the floor and, through the cafeteria, the hospital staff and and Agricultural Supplies (CASA Ca´sa n. 1. A house or mansion. I saw that Enriquez had made no attempt to modernize the old casa, and that even the garden was left in its lawless native luxuriance. - Bret Harte. ), the Ministry of Health and Social Development, and the Ministry of Tourism, among others. The event, sponsored by BANCOEX (the Venezuelan Foreign Commerce Bank) and MILCO MILCO Mine-Like Contact MILCO Management Information Control Program Liaison Officer (the Venezuelan Ministry of Light Industries and Trade), will also include organized business rounds--company-to-company meetings between importers and exporters. The Venezuela-USA Business Round is also supported by the U.S./Venezuela Business Council, the Venezuela-America Association, and the Venezuelan/American Chamber of Commerce. For more information, please visit http://www.embavenez-us.org, or for quick registration, go to: http://www.bancoex.gov.ve/rueda_usa_ven/prereg_emp.asp For more information about the Venezuela-USA Business Round please contact Alex Shtogren at 202.776.0990, or ashtogren@cg-la.com |
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