July 25, 2024

Biden administration can act to help spur Western investment in Venezuela

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According to the U.S. Trade Representative, Venezuela’s GDP declined by 35 percent in 2019 to $70.1 billion. That same year, American foreign direct investment in Venezuela amounted to $2.2 billion, representing a large chunk of the nation’s total economic activity. American businesses have already made critical investments in Venezuela, supporting economic development and job creation in a country struggling through a devastating economic crisis. We have the opportunity to do more. By Hernando Torrealba Schneider. Full Text -> MiamiHerad

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