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Embassy of the Philippines, Caracas Embassy of Venezuela, Manila | ||
The Philippines–Venezuela relations refers to the diplomatic relations between Venezuela and the Philippines. The two countries share a Hispanic heritage and relations between the two countries has been warm and friendly since it formal establishment of ties on 27 August 1968. Venezuela has an embassy in Manila and the Philippines has an embassy in Caracas.
Venezuelan President Hugo Chavez made a state visit in the Philippines in 1999 and signed the RP-Venezuela Memorandum of Understanding on Tourism Cooperation and a Memorandum of Understanding on Trade and Investment.
Venezuela is the Philippines' 5th largest trading partner in South America with Philippine exports increasing to 38 million dollars in 2004, compared to just 1.6 million dollars of 2003. The Philippines is willing to work with Venezuela in both energy and power industries.