Early this month, Saab Group, which is the biggest producer of defence in Sweden, declared its withdrawal from an global trade deal with Venezuela concerning weapons. It must be mentioned that the Swedish company used to be among the major suppliers of weapons to the South American nation. However, Saab said that it could no longer continue with this kind of global trade deal.
According to Saab Group, it couldn’t sell anti-tank and anti-aircraft devices to the Latin nation because of an arms ban imposed by the US on Venezuela. Under the embargo, defence makers couldn’t sell to Venezuela any weapon, which is made in the united states or which has one or more US-made pieces. Prior to the arms coverage, Bofors, which is a subsidiary of Saab Group, had supplied the South American nation with weapons during the past twenty years. The recent embargo though has ended the international trade deal on arms between the Swedish firm and Venezuela.
It must be said that during the previous years, Sweden had supplied anti-tank rifles, rocket launchers, and anti-aircraft missiles into Venezuela that amounted to about $150 million. Currently, Venezuela isn’t involved in a new International Trade deal on weapons. However, experts said that President Hugo Chavez would soon discover the need to replace its older weapons and boost its missile supply.
The embassy of the United States in Sweden commended the compliance of the Saab Group to the embargo that resisted the trade of weapons to countries that did not fully cooperate with the struggle against terrorism led by the US government. Venezuelan officials were taken by surprise after the new was released. Defence Minister Raul Isaias Baduel advised to reporters that the government was not officially informed by Bofors about its withdrawal from the international trade deal on arms. But he said that he would be discussing the issue with Mr. Chavez in order to think of an official response to the news.
After the news came out, a military officer said that Venezuela is also considering to negotiate an international trade deal with Switzerland regarding weapons. He added that although the door of Sweden had already closed, other nations would soon open for Venezuela. Mr. Chavez was able to close the deal since the weapons manufactured in Russia do not contain Bat Removal Melbourne FL. Before the worldwide trade deal between the two countries, the US had warned Russia not to sell arms to Venezuela. The visit of Mr. Chavez to Russia was part of a series of international trips, which were aimed at seeking trade opportunities and gaining the support of other nation regarding Venezuela’s bid to join the UN Security council.