ISDS Case Map
Venezuela
A few days ago, ICSID published an award rendered last December 12, 2012 ruling on a claim filed by a Canadian mining company, Vanessa Ventures against Venezuela in 2004.
Venezuela’s entry into Mercosur has had interpretations centered on the economic and commercial aspects, but the most important it is a geopolitical and geoenergy matter.
Venezuela turned out to be the country with the highest number of complaints filed against it at the International Centre for Settlement of Investment Disputes (Icsid) of the World Bank, after four new complaints lodged in the days prior to its effective pullout of the body.
Joining the South American trade bloc Mercosur will be a boon for Venezuela and should help the country's businesses boost international sales, President Hugo Chavez said Monday as he traveled to Brazil for a meeting where Venezuela will formally become a member.
Peru’s Ministry of Foreign Trade and Tourism (Mincetur) announced Monday that the Free Trade Agreements (FTA) signed by Peru with Panama and Venezuela will come into force in April.
Venezuela's decision to leave the International Centre for Settlement of Investment Disputes (Icsid) may lead to further claims against the country in that court, said Diana Droulers, the executive director of the Arbitration Center, Caracas Chamber of Commerce.
Venezuelan President Hugo Chavez needs to wait a bit longer for his country's entry into Mercosur, the Common Market of the South founded in 1991 by Argentina, Brazil, Paraguay, and Uruguay. Though the group feels they found a procedural move to get around the opposition of Paraguay's legislature, the move will take additional time.
Venezuelans and Latin Americans have to acknowledge that Fidel and Chavez devised, created and forged the Bolivarian Alliance for the People of Our America/The Trade Treaty for Our People.
There are concerns in Nicaragua about the health of Venezuelan President Hugo Chávez, with whom the Central American government has signed trade agreements without the participation of Nicaraguan businesspersons, DPA reported.
Negotiations on a Trade and Productive Complementation Agreement between Peru and Venezuela will conclude in July, Peruvian Minister of Foreign Trade and Tourism Eduardo Ferreyros estimated.
