Venezuela’s Vice Minister of International Trade, Marynna Saatdjian, met this week with the Brazilian Ambassador Gilvania Maria de Oliveira, the Chargé d’Affaires of the European Union Pierre-Henri Helleputte, and the commercial attachés of the United States Embassy. United States, Alexander Hawkins, and the Vietnamese Embassy, ​​Quang Duong, to establish a trade cooperation agenda.

The working groups will focus on “showcasing the country’s export offerings in the global market and attracting new investments to strengthen the national economy.”

During the meeting, Saatdjian also established partnerships with the International Center for Productive Investment (CIIP), the Foreign Trade Bank (Bancoex), FundaBancoex, and the Ministry of Popular Power for Fisheries and Aquaculture to promote productive projects and coordinate financing and training programs.

The Vice Minister also oversaw the automation of the “Single Window for Foreign Trade (VUCE), a platform that centralizes, manages, and simplifies all the procedures, permits, and documents required by Venezuelan state institutions for import and export operations.”

M.Pino

Source: ultimasnoticias

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Brazil launched the “Janela Única de Investimentos” (Single Investment Window) portal, through which it will seek to attract international investment, reduce licensing procedures, and facilitate business creation.

According to the government announcement, the portal centralizes all the services, opportunities, and guidance needed for investors, promising to “reduce the time required to obtain licenses and documents by 35 %, in addition to increasing the volume of international resources by 12 %.”

The tool is structured around three main areas: “services for investors, provision of data and statistics, and promotion of the benefits that Brazil offers to investors.” It is planned to facilitate the opening of companies, investor visas, and support for key sectors such as biofuels and infrastructure. Furthermore, services related to patents and social security are expected to be included in the future.

In this regard, Vice President and Minister of Development, Industry, Trade, and Services, Geraldo Alckmin, stated that the country will be more attractive to global investors and added: “We are firmly committed to reducing costs, timelines, and bureaucracy, to providing tax breaks for investments, and to making life easier for those who want to produce and generate wealth, employment, and income in the country.”

In addition to this technological initiative, a decree was signed creating a program to offer legal assistance to international investors in the South American nation.

M.Pino

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During a virtual meeting of legal and governance specialists, the creation of the National Mining Management and Administration Agency (ANGAM) was proposed, along with a new Mining Law to resolve the current anarchy in the industry.

Participants in this meeting, coordinated by engineer Elías Matta, included lawyer Martha Acosta, a specialist in Mining Law; lawyer Verónica Barboza from George Washington University, with a Master’s degree in Strategy and Governance; and others.

One of the main aspects of this forum was the proposal to create ANGAM “as an autonomous institute” responsible for “managing and administering mining rights, coordinating the Public Mining Registry and the National Mining Cadastre, and clearly separating the regulatory (Agency) and oversight (Ministry) functions, eliminating the current conflict of interest and discretionary power.”

The speakers agreed that “the Venezuelan mining model must shift from a one-off contractual approach to a systemic model that involves a profound transformation of public policy.” Barboza emphasized the need to apply “international standards such as ESG (Environmental, Social, and Governance) and UNFC 2019.”

The experts addressed other aspects to consider, such as legal security and regional competitiveness, sustainability and combating illegal activity, and the economic potential of mining for the country. All these issues, carefully managed, could generate between $6 billion and $10 billion in revenue to boost the country’s development.

M.Pino

Source: elimpulso

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The Bolivian government announced on Tuesday, February 3, that it is working on a package of laws aimed at strengthening the national economy and sustainable development by attracting domestic and foreign investment.

The South American nation seeks to “strengthen international cooperation and guarantee legal certainty” through investments in key sectors such as energy, hydrocarbons, and mining.

José Luis Lupo, Minister of the Presidency, stated that these “legislative initiatives seek to provide long-term legal support for the decrees recently approved by the Executive Branch, which are aimed at boosting the economy and creating a more predictable environment for investors.”

Lupo explained that the package of laws will be sent to the Legislative Assembly for the evaluation of “projects related to international loans secured by President Rodrigo Paz Pereira from multilateral organizations such as the Development Bank of Latin America and the Caribbean (CAF) and the Inter-American Development Bank (IDB).”

He emphasized the country’s goal of “overcoming regulatory barriers, reducing bureaucracy, and strengthening the rule of law, with the aim of creating favorable conditions for investment, technology transfer, and export growth.”

M.Pino

Source: spanish.xinhuanet

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