President Ahmadinejad arrived in Caracas Saturday at the head of a high-ranking delegation on the first leg of his tour of three Latin American states which will also take him to Nicaragua and Ecuador.
Iranian and Venezuelan people have great talents, he said adding that the two sides should build their countries through bilateral cooperation.
Pointing to Tehran-Caracas growing ties in different fields, he said during the visit, the sides made good decisions including establishment of a joint investment fund to support venture in other countries.
Ahmadinejad urged both Iran and Venezuela to promote revolutionary thoughts throughout the globe as he said inappropriate management of big powers was the main cause of all problems.
"Iran always supports the Venezuelan government and nation to achieve their goals. We are ready to bolster bilateral cooperation and also help oppressed nations," the Iranian president said.
The Venezuelan President Hugo Chavez, for his part, praised deep-rooted ties between Tehran and Caracas and said imperialism intends to weaken both Iran and Venezuela.
He voiced his country's support for reducing oil production in order to help fix its price and said a two-billion-dollar Iran-Venezuela strategic fund would be inaugurated late January to help implement new projects in other world countries.
Iran and Venezuela have clear and transparent objectives and strategies and will continue their resistance against imperialism, President Chavez added.
During the meeting, Ahmadinejad sent a message to staff of Iran's `Samand' auto manufacturing factory through a direct TV contact, saying, "Strengthened bonds between the two nations will be a good start to serve peoples in Latin America." The two presidents then signed a joint statement.
Ahmadinejad also signed a book about the South American hero of the 19th century Simon Bolivar.
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