Visiting Spanish Prime Minister Jose Luis Rodriguez Zapatero is to sign a deal Wednesday, to sell Venezuela patrol boats and transport planes.
Officials in Caracas say the proposed deal is to include 10 C-295 transport planes, four coastal patrol corvettes, and four smaller patrol boats.
The Associated Press quotes Venezuelan President Hugo Chavez as saying the patrol boats in particular will help in the fight against drug trafficking.
On Tuesday, Mr. Zapatero, Mr. Chavez and leaders of Brazil and Colombia held a one-day summit in Puerto Ordaz, Venezuela to discuss trade, political alliances and terrorism.
Some information for this report provided by AP and Reuters.