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Venezuela Signs Joint Venture With Samsung

(Jamaica Observer) THE government allied with Samsung on Wednesday to jointly produce consumer electronics and appliances, a deal coming after a week of raids on Venezuelan retailers and the emptying of store shelves by consumers taking advantage of officially forced discounts.

Rafael Ramirez, Venezuela's long-time oil minister and now vice president for the economy, signed the agreement with the South Korean company's regional president, Hyun Chil Hong, a day after the National Assembly gave President Nicolas Maduro powers to rule by decree for up to 12 months.

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