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Venezuela: Bilateral Relations to Germany Venezuela

20.12.2018 - Article

Political relations

Venezuela and Germany have a long tradition of political relations dating back to the meeting between the two iconic figures Simón Bolívar and Alexander von Humboldt in the early 19th century. Germany has had an embassy in Venezuela since 1871.

Economy

In 2017, German exports to Venezuela were worth 172 million euros, 31 percent less than the previous year. German imports from Venezuela have been in sharp decline since 2011 (749 million euros), amounting to a mere 143 million euros in 2016. In 2017, however, they increased to 256 million euros. German imports from Venezuela comprise oil (49 percent), iron and steel (19 percent) and chemical products (14 percent). The increase recorded in 2017 is rooted in these three sectors as well as agricultural products. 

An investment promotion agreement and a double taxation accord are in place between the two countries. The German-Venezuelan Chamber of Commerce and Industry (CAVENAL) has its headquarters in Caracas. The number of German businesses with branches or production facilities in Venezuela is constantly falling as a result of the economic crisis, high crime levels, the lack of legal security and exchange-rate problems. Lufthansa ceased operating direct flights from Frankfurt to Caracas in May 2016

Development cooperation

Bilateral technical cooperation with Venezuela was terminated at the end of 2004. Non-governmental development cooperation is ongoing, however. Of Germany’s political foundations, the Friedrich Ebert Foundation and the Konrad Adenauer Foundation have a permanent presence there. The Hanns Seidel Foundation serves Venezuela from its Bogotá office and the Rosa Luxemburg Foundation from its office in Quito.

There is close cooperation on climate and environmental policy between the Caracas-based Development Bank of Latin America (CAF) and the KfW Development Bank.

Culture

There has long been intensive cultural exchange between Germany and Venezuela. Besides the German Embassy, the following institutions are active in the cultural sector there: the Goethe-Institut, the tradition-steeped Asociación Cultural Humboldt, the Evangelical Lutheran Church and the German-speaking Catholic church. Other institutions include a German School Abroad (Colegio Humboldt) in Caracas, a PASCH school in Valencia (Colegio La Esperanza) and a German-Venezuelan Support Association (AVAS). 

The ethnic German inhabitants of Colonia Tovar in Aragua State maintain close ties with Germany. The world-famous Venezuelan orchestra project El Sistema also visits German concert halls on a regular basis.

Disclaimer:

This text is intended as a source of basic information. It is regularly updated. No liability can be accepted for the accuracy or completeness of its contents.

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