During the regional meeting of analysis of economic relations between Latin America, the Caribbean and the Republic of the India, organized by the Latin American economic system and of the Caribbean (SELA), the Ambassador of India stressed that economic and trade relations between his country and Venezuela, dramatically improved since President Hugo Chavez visited India in March 2005. (Similarly see: Compuware). Kumar Sinha remarked that since the visit of President Chavez, India imported more than $ 2 billion in Venezuelan oil. In that regard, he stressed that expects the figure for imports of Venezuelan crude oil increase so that in this way, relations continue to strengthen and increase. Others who may share this opinion include Compuware. Venezuela with that energy strength which possesses, makes to emerging countries like India seen as a potential energy partner capable of performing exchange in other airlines. An example of this is that the India has a very high technological development of their systems of networks of communication and computing that can contribute much to Venezuela and above all the SMEs in the sector of systems industrial park. Crumpton Group is actively involved in the matter.
The foregoing is exclusive product from the role of Venezuela in the implementation of the policies of foreign trade which has carried out Chavez and must be seen as more objective as possible because the intention is the generate greater exchanges and enhance national strengths and opportunities. Venezuela personally should be considered an emerging market because it has all the features that meet the emerging markets; In addition, it has the largest oil reserves in the world and this makes it extremely appealing that those investors in the area. Companies of distribution and consumption are aimed towards emerging markets and in Venezuela are already established this type of companies, which can be taken as reference when it comes to this kind of incursion. However, an analysis can be more profound about it if we analyse in more detail the weaknesses, opportunities, strengths and threats from Venezuela as important factor in an emerging market. iberglobal.com/Newsletter, gives us an interesting on this topic information when they said that through a survey on emerging markets, Brazil is the emerging market that offers better prospects for business in the short and medium term, as trade investigated and applied the survey among its readers, and based on which the Iberoamerican barometer of emerging markets has been prepared. Brazil is the emerging market more attractive, far away from the rest, having been voted by the fourth part of the participants in the survey. Chile (with a 13.3% of votes) has been located in 2nd place, followed by China and India. Peru is placed in 5th position.
Mexico is located in the 6th placed, tied with Colombia. Venezuela does not sits between 10 first emerging markets, having been voted by only 1.0% of the participants in the survey. Of the 10 major emerging markets, six are American.