Japan–Venezuela relations

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Japan–Venezuela relations are foreign relations between Japan and Venezuela. Formal diplomatic relations between the countries were established in August 1938.[1] Venezuela broke off diplomatic ties with Japan (and the other Axis Powers) in December 1941, shortly after the Japanese attack on Pearl Harbor.[2]

In 1999, Venezuelan President Hugo Chavez made a three-day trip to Japan.

Japanese banks Marubeni and Mitsui loaned Venezuela $3.5 billion in 2007 to be repaid in oil. The Japan Bank for International Cooperation provided $1.89 billion in loans to support the banks.

Japan imported US$1 bn worth of goods from Venezuela in 2008, mainly aluminium, iron ore and cacao.[3]

Hugo Chavez made another two-day trip in 2009, during which he met Prime Minister Taro Aso. During the trip they agreed to cooperate on oil and gas developments and form a committee to study financing development and exploration. Japan and Venezuela signed a dozen other accords as part of Chavez’s visit.[4]

On 23 December 2009, Chavez threatened to expropriate Toyota Motor Corp.'s local assembly plant.[5]

References[edit]

  1. ^ Ministry of Foreign Affairs of Japan: Japan-Venezuelan relations
  2. ^ "Venezuela Breaks with Axis Regimes," New York Times, Jan. 1, 1942
  3. ^ http://www.mofa.go.jp/region/latin/venezuela/index.html
  4. ^ "Japan, Venezuela to Cooperate on Oil, Gas Projects (Update3)". Bloomberg. 6 April 2009. 
  5. ^ Venezuela Threatens to Expropriate Toyota Plant

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