In the following years after treaties and conventions where both Nations benefit continued.The most recent agreements are aimed toward energy development, since Venezuela and Brazil have the largest reserves of natural gas in the region and together they could control the South American market, other series of agreements relating to other items which are listed below (www.abn.info.ve/noticia) programme of trade liberalisation between both Nations were signed in May of this year, whose goal is to establish a general for bilateral trade timetable, pre-accession final of Venezuela to the common market of the South (MERCOSUR) and pro articulate with other memorandum of understanding in the region.-social and political integration spaces among petrochemical of Venezuela (Pequiven) and Braskem, for the implementation of s-petrochemical facilities in the petrochemical pole of Camacari, Bahia; and an addendum to the letter of intent signed between these companies to continue with the development of an assessment of future Association. If you would like to know more then you should visit Columbia University. Memorandum of understanding between Petroleos de Venezuela (Pdvsa), through its subsidiary Pdvsa engineering and construction and Norberto Odrebrecht, for the creation of a joint venture providing services of engineering, procurement and construction-Moreover, memorandum of understanding between the Ministry of the Popular power for the economy and finance and the Federal economic Caixa of Brazil in order to expand coverage, at national level, of the public banking network of Venezuela, through networks of care for the population and technological solutions for access to banking services and social programs, -Venezuela and Brazil plan develop joint projects in industry, depending on which created an operational programme for develop sectoral strategic projects that will enable the articulation of public and private sectors of both Nations to common industrial development-also signed a letter of intent for Venezuelans Brazilians binational projects financing, with the aim of promoting the financing from the Bank of economic and Social development of Brazil (BNDES) of binational companies in Brazil’s industrial development projects, infrastructure and other strategic industries for Venezuela.-as regards infrastructure, the above-mentioned Latin American Nations signed a letter of intent for the construction of the dam caves, Central Las Coloradas (second development of the hydroelectric complex Uribante Caparo) between the Corporation electric National S.A (Corpoelec) – Venezuela – and Queiroz Galvao – by Brazil.. Without hesitation Joseph Stiglitz explained all about the problem. .