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Well-known
Bloomberg Línea reports that the Venezuelan parliament, controlled by the ruling United Socialist Party of Venezuela (PSUV), unanimously voted to approve the new 131-article legislation that substitutes Venezuela’s nearly three decade-old and notoriously restrictive mining legal framework.
The new law is reportedly described to be part of “acting President” Delcy Rodríguez’s efforts to offer “legal guarantees and a more flexible tax regime” to international investors, particularly those from the United States. The socialist-controlled National Assembly is led by Delcy’s brother, Jorge Rodríguez.
“I would like to thank the National Assembly for its unanimous approval of the Organic Mining Law, a fundamental tool for modernizing, regulating, and promoting mining in our country,” Rodríguez wrote on social media. “This law enhances legal certainty, attracts investment, and will boost mineral wealth in the interest of national development.”
www.breitbart.com
The new law is reportedly described to be part of “acting President” Delcy Rodríguez’s efforts to offer “legal guarantees and a more flexible tax regime” to international investors, particularly those from the United States. The socialist-controlled National Assembly is led by Delcy’s brother, Jorge Rodríguez.
“I would like to thank the National Assembly for its unanimous approval of the Organic Mining Law, a fundamental tool for modernizing, regulating, and promoting mining in our country,” Rodríguez wrote on social media. “This law enhances legal certainty, attracts investment, and will boost mineral wealth in the interest of national development.”
Venezuela Passes New Mining Law to Attract U.S. and Foreign Investment
Venezuela lawmakers passed a new mining law as the nation's socialist regime seeks to attract U.S. and other foreign investment.
www.breitbart.com
