`Syria, Venezuela Sign Olive Oil Trade Agreement

Africa / Middle East

Syria, Venezuela Sign Olive Oil Trade Agreement

Jun. 21, 2010
Daniel Williams

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By Daniel Williams
Olive Oil Times Con­trib­u­tor | Report­ing from Barcelona

In sev­eral weeks a Syr­ian del­e­ga­tion will travel to Venezuela to con­firm a bilat­eral treaty approv­ing the trans­fer of olive oil tech­nol­ogy and infor­ma­tion between the two coun­tries. This recent col­lab­o­ra­tion is part of Pres­i­dent Hugo Chavez’s greater plan to strengthen ties, both com­mer­cial and oth­er­wise, with like-minded states like Syria.

Venezue­la’s rela­tion­ship with Syria is strate­gic; it isn’t restricted to eco­nomic and trade coop­er­a­tion only,” said Venezue­lan Vice Pres­i­dent and For­eign Min­is­ter Nico­las Maduro Moros.[1]

Maduro Moros has vis­ited Syria sev­eral times already with the inten­tion of solid­i­fy­ing a num­ber of sim­i­lar bilat­eral com­mer­cial projects. A joint Syr­ian-Venezue­lan com­mis­sion reviewed the progress of these projects in May and par­tic­u­lar empha­sis has been placed on the olive oil treaty.

As a ris­ing pro­ducer on the world mar­ket and leader of the olive oil pro­duc­ing Arab states, Syria will soon dis­trib­ute some two thou­sand tons of olive oil through­out South Amer­ica via the Venezue­lan eco­nomic net­work. The Vice Pres­i­dent of the Venezue­lan Food Cor­po­ra­tion, Aníbal Bar­ragán claims that this sym­bi­otic rela­tion­ship will ulti­mately ben­e­fit both coun­tries.


From this strate­gic eco­nomic coop­er­a­tion and with the assur­ance of the pres­i­dent of the Indus­trias Dianas (the most sig­nif­i­cant pro­ducer in Venezuela’s olive oil sec­tor) the national pop­u­lace of Venezuela will soon have access to olive oil prod­ucts at reduced prices. These low prices are expected to open the door to a greater demand for olive oil prod­ucts in South Amer­ica – a demand that Syria hopes to fill soon.

To fur­ther this olive oil ini­tia­tive, both sides have planned to host a Syr­ian-Venezue­lan Busi­ness Forum in Dam­as­cus in March of 2011.


Syr­i­a’s Place in the World’s Top Olive Oil Pro­duc­ing Coun­tries

Coun­tryPro­duc­tion [2]Con­sump­tion [2]Annual per capita con­sump­tion (kg)[2]
United States0%8%0.56

  1. Syr­ian Arab News Agency: Bilal, Venezue­lan Vice Pres­i­dent Dis­cuss Coop­er­a­tion Prospects”
  2. United Nations Con­fer­ence on Trade and Devel­op­ment 2005

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