ANNOUNCEMENT 29 Jan 2013In January 2013, the government of Venezuela announced a change in the settlement of trade invoices.
NUMBER OF INTERVENTIONS
Resolution No. 3.276 of 2013 (in Spanish),
On 29 January 2013, Venezuela's Ministry of Planning and Finance (Ministerio del Poder Popular de Planificación y Finanzas) adopted Resolution No. 3.276 facilitating the acquisition and sale of US dollars and other currencies by Venezuelan importers("Autorizacion de Adquisicion de Divisas AAD" and "Autorizacion de Liquidacion de Divisas ALD").
This facilitated process applies to imports of raw materials, consumer and capital goods corresponding to more than 300 individual four-digit tariff lines. The facilitation is capped at a maximum import value of USD 50,000 or its equivalent in other currencies.
This measure entered into force on 30 January 2013.