Washington DC, March 6 -- The United States and Venezuela have agreed to re-establish diplomatic and consular relations, according to the US State Department.

"This step will facilitate our joint efforts to promote stability, support economic recovery, and advance political reconciliation in Venezuela," the statement by the US State Department read.

In January this year, the US military forces launched a large-scale surprise raid on Caracas and captured Venezuela's former President Nicolas Maduro and his wife and the duo was taken to the US and faced allegations of weapon and drug offences in Manhattan court.

On January 31, a US diplomatic mission arrived in Caracas, marking the resumption of diplomatic contacts between the two countri...