ISDS Case Map
Venezuela
Bolivia and Venezuela, both nationalizing huge swathes of their economies, should quit a World Bank body that arbitrates between foreign investors and states, Bolivia's president said on Sunday.
The 5th summit of the Bolivarian Alternative for the Americas (ALBA) ended with a flexible energy agreement and withdrawal from the International Centre for Settlement of Investment Disputes (ICSID)
Venezuelan President Hugo Chavez has urged Jamaica to join the Bolivarian Alternative for the Americas (ALBA) - widely viewed as a counter to the US-sponsored Free Trade Area of the Americas (FTAA).
Presidents including Ecuador's Rafael Correa, Venezuela's Hugo Chavez and Bolivia's Evo Morales are bypassing the US in reaching trade accords and strengthening diplomatic and commercial ties with nations that compete with, or are hostile toward, US interests.
Venezuela's National Assembly approved Thursday a framework agreement on cooperation between Venezuela and Nicaragua with a view to the Bolivarian Alternative for the Americas (Alba).
Unlike Paris-based Total SA or London-based BP Plc, Exxon Mobil Corp. and other US companies aren't protected by any bilateral investment treaty with Venezuela.
The Bolivarian Alternative for the Americas (ALBA) represents the first attempt at regional integration that is not based primarily on trade liberalization but on a new vision of social welfare and equity. This report provides a detailed account, and a critical assessment, of the ALBA project to date.
Rather than being a “blow” to the ALBA project, Venezuela's entry into Mercosur is clearly aimed at defending and promoting this anti-capitalist project.
Long taken for granted by its much larger neighbors, Uruguay suddenly finds itself one of the main fronts in the struggle between the United States and Venezuela for dominance in South America. Washington is offering a free-trade agreement that would pull Uruguay into the United States' orbit and weaken Mercosur, the regional trade group to which Uruguay and Venezuela belong. Mr. Chávez has countered with attention-getting investments, subsidized oil, acts of charity and a growing alliance with left-wing factions of the ruling Broad Front.
The US government's announcement that it will review the possibility of limiting, suspending, or withdrawing trade preferences under the General System of Preferences (GSP) to three Latin American countries--Argentina, Brazil, and Venezuela--is political pressure to make these nations participate in the model of regional integration proposed by the United States.
