The signing was headed by Venezuelan president Hugo Chavez in  a meeting at Miraflores Presidential Palace, in Caracas, with Belarus president Alexander Lukashenko.

The accords endorsed include a memorandum of understanding between Venezuela's petroleum and mining ministry and Belarus to design and construct a gas pipeline as part of a national gas development plan.

A framework contract to commit Belarus to foreign-economic cooperation between China and Venezuela, aimed at constructing and launching a thermoelectric power plant in the western state of Barinas was also signed.

Furthermore, a memorandum of understanding was signed with Venezuela's petrochemical venture Pequiven for technical accompaniment, analysis and assessment in the petrochemical development industry, also in Barinas.

Venezuela's ministries of industries and housing signed a memorandum of understanding with Belarus'  ministry of industries to set up a second production line in a blocks factory in the central state of Miranda.

In addition, a memorandum of understanding was signed to set up a formwork manufacturing plant for Venezuela’s housing mission.

In matters of agriculture, the two nations signed a memorandum of understanding to carry out agroindustrial communes projects in the eastern states of Anzoategui and Bolivar and in the western states of Zulia and Barinas.

Another memorandum of understanding was signed to bolster industrial capacity in Venezuelan food-processing plants.

The governments of Venezuela and Belarus endorsed agreements in the areas of technology transfer and scientific knowledge for innovative activities. The plan is to coordinate public institutions in the two countries in the areas of housing, development, health, food security, information and communication technology, as well as alternative energies.

In the last six years, Venezuela and Belarus have signed around 200 accords in matters of science, technology, agricultural and industry.