Friday, September 08, 2006

On the FDI front, Venezuela hasn’t been a major success story till date

On the FDI front, Venezuela hasn’t been a major success story till date. It received only $2.70 billion in FDI in 2005. The major investing country has been US, followed by Canada and France. Accor, Chevron- Texaco and Exxon Mobil are amongst the major multi-nationals to invest in the country. But all said and done, looking at the potential, policy makers still need to work out more effective ways to drag higher foreign investment in Venezuela.

For complete IIPM article click here

Source:- IIPM Editorial