Fedecamaras, Venezuela’s business guild, has called for renewed U.S.-Venezuela negotiations following the cancellation of Chevron’s license by President Trump. They warned this decision could severely impact the economy and urged both governments to engage in discussions to address the situation.

On March 12, 2023, Fedecamaras, Venezuela’s prominent business guild, urged for the resumption of talks between the United States and Venezuela. This call follows President Donald Trump’s cancellation of a significant license previously granted to Chevron, permitting the oil company to operate within Venezuelan territory.

Fedecamaras expressed concern that this decision could severely impact the Venezuelan economy, suggesting that it may affect numerous sectors and businesses. The guild’s statement, issued on a Tuesday and made public the following morning, highlights the urgency of diplomatic engagement between the two nations.

In their statement, they implored both governments to reignite discussions to address the evolving situation. The inability to operate could hinder economic recovery efforts in Venezuela.

In summary, the Venezuela business guild, Fedecamaras, has expressed significant concern regarding the recent cancellation of Chevron’s operating license by the United States. They advocate for renewed dialogue between the U.S. and Venezuela, emphasizing the potential economic repercussions that may arise from this decision on diverse business sectors. It underscores the necessity for diplomatic engagement to mitigate negative economic impacts.

Original Source: www.marketscreener.com

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