Malaysia–Venezuela relations are foreign relations between Malaysia and Venezuela. Malaysia has had an embassy in Caracas since 1990,^[1] while Venezuela has an embassy in Kuala Lumpur.^[2] Diplomatic relations were established on 18 December 1986.^[1] Both countries are full members of the Group of 77.

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Malaysia–Venezuela relations

Malaysia	Venezuela

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This section needs expansion. You can help by adding to it. (February 2020)

President Hugo Chávez first visited Malaysia in 1999,^[3] and visited again in August 2006 to discuss investments in Malaysia's palm oil industry and to diversify Venezuela's energy industry.^[4] Malaysia promised to support Venezuela's bid for a seat on the UN security council.^[5][6] During the trip, an agreement on avoiding double taxation was signed.^[7]

Chávez proposed in December 2006 that Venezuela would build an oil refinery in Malaysia,^[8] and Golden Hope, a Malaysian state-owned palm oil company, agreed with the Venezuelan state oil company to cultivate 40,000 ha of oil palms in Venezuela,^[9] while Malaysian company Petronas would start oil exploration in Venezuela.^[10] Malaysia also agreed to help Venezuela with city planning.^[11]

A Malaysia-Venezuela Business Council was formed in July 2008,^[12] partly so that Venezuela could learn from Malaysian experience in poverty reduction.^[13] Bilateral trade was only US$6.6 million in 1990, when the countries signed a bilateral trade agreement,^[14] US$30.6 million in 1998, when Venezuela set up legal protections for foreign investments,^[15] US$19.8 million in 2004,^[4] US$39.6 million in 2005,^[9] and US$61.68 million in 2007, with only $250,000 being exports from Venezuela.^[1] The Venezuelan ambassador to Malaysia proposed in February 2009 that the two countries form a new financial institution for developing countries.^[16]

Malaysia held a "Venezuela Week" in July 2006,^[17] 2007,^[18] and 2008.^[19][20]

In 2020 due to the Covid-19 Pandemic Venezuela and Malaysia's trading ability was significantly hampered by the restrictions imposed by the governments of each countries Covid response measures.^{[citation needed]}