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Map of Venezuela

map of Venezuela.
flag of Venezuela.

The Bolivarian Republic of Venezuela

Relationship with New Zealand

Parque Nacional Los Médanos de Coro, Venezuela.
Parque Nacional Los Médanos de Coro, Venezuela. [1]

New Zealand has had diplomatic relations with Venezuela since 1980. The bilateral relationship between New Zealand and Venezuela is based largely on trade, particularly in dairy products. In the year to December 2013, New Zealand exported NZ$406 million worth of goods to Venezuela, of which NZ$401 million were in the dairy sector, making it New Zealand's eighth largest dairy market in the world for the period.

Political links

Multilateral links

New Zealand and Venezuela are both members of the UN, WTO and FEALAC (Forum for East Asia – Latin America Cooperation) and work together in these fora on issues of mutual interest.

Development assistance

Venezuela is eligible for New Zealand Development Scholarships (NZDS). For more information visit the New Zealand Development Scholarships page on the New Zealand Embassy, Mexico website [external link].

Visits

New Zealand’s Minister of Agriculture, Hon John Luxton, visited Venezuela in late 1999.

Key facts

Geography/Demographics

Official name – The Bolivarian Republic of Venezuela
Land Area – 912,050 sq km
Population – 29.5 million (2012 estimate)
Capital City – Caracas
Religion – Catholic
Official language – Spanish
Currency – Bolivar
Exchange Rate – 6.3 Bolivares = US$1 (fixed from February 2013)

Political

Political system – Presidential; Universal adult suffrage
National government – Council of Ministers appointed by President
National legislature – 167 member unicameral National Assembly
Last election – Presidential, April 14 2013; Legislative, September 2010
Next election due – Presidential, 2018; Legislative, 2015
Head of State – President Nicolas Maduro. In Venezuela the Head of State is also the Head of Government.


Key Ministers:
Foreign Affairs: Elias Jaua
Trade: Alejandro Fleming

Main political parties:
Movement of the Fifth Republic (MVR).
The United Socialist Party of Venezuela (PSUV) was created to unite the MVR with other pro-Chávez parties, but some parties will remain outside the grouping.

Opposition parties include:
The Democratic Unity party (MUD) which includes the Democratic Action party (AD), the Independent Electoral Political organization Committee party (COPEI), the Justice First party (PJ), the National Convergence party (CN), and A New Time party (UNT).

Economic

Nominal GDP –US$382.5 billion
GDP Per Capita – US$13.2 billion
Real GDP Growth – 5.6%
Exports FOB – US$96.9 billion
Imports – US$56.*9 billion
Main export – Oil
Consumer price inflation (average) – 20.1%
Gross external debt – US$74.5 billion (estimate)

Source: Economist Intelligence Unit (2012 figures)

Trade with New Zealand

NZ Exports

NZ$406 million

Main Exports

Dairy products, pharmaceuticals

NZ Imports

NZ$1.3 million

Main Imports

Animal products for pharmaceuticals

Source:  Statistics New Zealand (year to December 2013)top of page

Embassies

The New Zealand Embassy in Mexico City is accredited to Venezuela [external link].

The Venezuelan Embassy in Canberra is accredited to New Zealand [external link].

Travel advice

The New Zealand Safe Travel website has comprehensive information including advice on travel to Venezuela [external link].

Further enquiries may be directed to:

Consular Division
Tel: +64 4 439 8000
Fax: +64 4 439 8532

cons@mfat.govt.nz


Footnote

[1] Parque Nacional Los Médanos de Coro is located in the state of Falcón, Venezuela, near the city of Coro on the road that leads to Paraguaná. The National Park was created in 1974.

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Page last updated: Thursday, 10 April 2014 16:25 NZST