Chavez told Alexander Lukashenko, "There are many possibilities now for forming a strategic alliance to save the world from madness, wars, and color revolutions."
Lukashenko said that during their one-on-one talks, the leaders had "been able to get to know each other better."
In a thinly-veiled stab at Washington, which has consistently opposed both leaders, the Belarusian president said: "Often in the media information is distorted about presidents and states. It is perfectly clear on whose orders this is done."
The Venezuelan president said a multi-polar world should be created. He also said Venezuelan-Belarusian economic cooperation had great potential.
Lukashenko said Chavez's visit to Belarus opened a new page in bilateral relations. He said Chavez had proposed cooperation in housing construction and oil developments.
A joint declaration is expected to be signed after the two leaders' talks, as well as a number of agreements in foreign policy, science, technology and agriculture.
Chavez, who was elected president in 1998 and celebrates his 52nd birthday Friday, will depart for his three-day official visit to Russia later today.