Doing Business in Venezuela Caracas

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Learning unit: Foreign trade and business in Venezuela. Syllabus:


- Introduction to the Bolivarian Republic of Venezuela.
- Venezuelan economy. International trade: imports and exports.
- Foreign direct investment in Venezuela.
- Economic profile of the states of Venezuela.
- Doing business in Caracas.
- Case study: Petroleos de Venezuela S.A. (PDVSA).

Venezuela Free trade agreements

Courses and Masters
Course business in the Andean Community - Master America

Course learning materials
En or Es Venezuela

Course summary: trade and business in Venezuela:

International trade. The Economy of Venezuela

The Bolivarian Republic of Venezuela is rich in mineral resources, whereas Venezuela is more known for its hydrocarbons: ranks 5th in the world in oil reserves and 7th in natural gas.

Caracas (2 million people, the capital of Venezuela) is the 7th most important financial center of Latin America (behind cities like Sao Paulo, Bogota, Santiago de Chile, Buenos Aires, Mexico City and Rio do Janeiro).

Caracas generate 19% of Gross domestic product (GDP) in the Bolivarian Republic of Venezuela. Important Venezuelan companies like "Petroleos de Venezuela" (PDVSA), or CANTV, has its headquarters in Caracas.

Venezuela is member of the Mercosur since 2012

Example of the course doing business in Venezuela (English):
Venezuela Trade Business

Maracaibo (Zulia state capital) has a population of 3 million people (2 biggest city in the Bolivarian Republic of Venezuela). Main economic activities in Maracaibo are oil sector.

Carabobo State is one of the most vibrant of the Bolivarian Republic of Venezuela. The industry and agricultural production of Carabobo are among the biggest in Venezuela. The main economic activity of Carabobo State is industrial manufacturing (automotive, metalworking, chemicals, agribusiness, food and consumer products).

La Guaira (Vargas State) is the most important gateway to the Bolivarian Republic of Venezuelaa; the Port of La Guaira is one of the major Venezuelan ports.

"Petróleos de Venezuela S.A (PVDSA)"., the state-owned corporation of the Bolivarian Republic of Venezuela, is responsible for the efficient, profitable, and dependable exploration, production, refining, transport and distribution of hydrocarbons. PDVSA keeps a strong presence abroad through 5 offices situated in Argentina, Brazil, Cuba, The United Kingdom and Holland.

CANTV ("Compania Anonima Nacional Telefonos de Venezuela") is the leading provider of integrated telecommunications services in Venezuela. CANTV had 3.6 million lines in service, 8.2 million mobile subscribers and 528,000 broadband subscribers.

Venezuela is composed of 23 federal states and a capital district (Caracas). Venezuela borders Brazil, Guyana and the Republic of Colombia.

Example of the course (Doing business in Venezuela - Spanish):
Venezuela Business



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