Venezuela is heading towards a diversified economic model with the recent approval of the Non-Petroleum Export Promotion Law last Wednesday, July 17.

The country’s economy has depended on hydrocarbons for decades. However, the government of Nicolás Maduro seeks to direct the South American nation towards new sources of exports.

The main purpose is for Venezuela to stop depending on oil, a key energy source worldwide.

The Non-Oil Export Promotion Law will lay the foundations for the promotion of measures to simplify “all the procedures necessary or related to the export of non-oil goods and services” as well as “to bring exporters the necessary information about the development of the process” that will be in the hands of the Ministries of Economy and Finance, and Foreign Trade.

According to statements by Deputy Nicolás Maduro Guerra, said law provides that “in 60 days a procedure can be carried out through the Single Window for Foreign Trade (VUCE).”

M.Pino

Source: finanzasdigital

(Reference image source: Bernd 📷 Dittrich in Unsplash)

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La entrada National Assembly of Venezuela approved law to promote non-oil exports apareció primero en Bitfinance.

Nicolás Maduro announced that he gave the order to allocate economic resources for community projects in order to strengthen the productive nature of the communes, within the framework of the National Popular Consultation.

The president of Venezuela indicated that he will continue to promote the country’s new diversified economic model with this allocation of money.

The president ordered that “the deposits be made to all communal circuits for the projects approved” in the National Popular Consultation on April 21.

Likewise, he called for “promoting the new national economic model” by deepening community consultations, “prioritizing direct democracy, deepening the construction of a new National Public Health System and the emergence of a new diversified economic model to satisfy internal needs.” from the country.”

Maduro emphasized that support must be maintained for the construction of a new health system, the recovery of hospitals, “the CDI, Barrio Adentro, with the Bricomiles.”

Regarding the promotion of a new diversified economic model, the head of state commented on the experience he lived in the state of Trujillo, where he confirmed an overproduction of agricultural products that must be placed in other markets.

M.Pino

Source: ultimasnoticias

(Reference image source: @ConMaduroMas_, X)

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La entrada Maduro ordered the allocation of funds for community projects apareció primero en Bitfinance.