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VENEZUELA: Investment Climate Statement 2015

VENEZUELA: Investment Climate Statement 2015

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  • ISBN-13: 9781532888380
  • Publisher: CreateSpace Independent Publishing Platform
  • Release Date: Apr 23, 2016
  • Pages: 26 pages
  • Dimensions: 0.06 x 11.0 x 8.5 inches
  • Sales Rank: 0

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Overview

Recent changes to Venezuela’s legal and regulatory regime reflect the GBRV’s hardening posture toward foreign investment. The 1999 constitution generally provides for equal treatment of foreign and domestic investment. Article 301 provides for equal treatment of national and foreign investment. Article 302 reserves the petroleum industry and other strategic sectors of public interest for the state. In November 2014 a new foreign investment law was issued. While the new law has reduced foreign investors’ statutory rights, it remains unclear how it will be enforced.

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