RESTRICTED
WORLD TRADE WT/L/110
4January 1996
ORGANIZATION(96-0006)
Original: Spanish
NOTIFICATION INPURSUANCE OFPARAGRAPH 3OFTHE UNDERSTANDING
REGARDING NOTIFICATION, CONSULTATION, DISPUTE SETTLEMENT
AND SURVEILLANCE AND THE DECISION ONNOTIFICATION
PROCEDURES ANNEXED TOTHE FINAL ACT EMBODYING
THE RESULTS OFTHE URUGUAY ROUND OF
MULTILATERAL TRADE NEGOTIATIONS
Thefollowing communication, dated 30November 1995, hasbeenreceived fromthePermanent
Mission ofVenezuela forcirculation toWTO Members.
_______________
ThePermanent Mission ofVenezuela totheUnited Nations Office andOther International
Organizations inGeneva presents itscompliments totheSecretariat oftheWorld Trade Organization
andattaches acopyoftheforeign exchange regulations adopted under theMacroeconomic Stabilization
Programme being implemented bytheGovernment ofVenezuela.1
Thisnotification ismade inaccordance withparagraph 3oftheUnderstanding Regarding
Notification,Consultation,DisputeSettlementandSurveillance,adoptedon28November1979(L/4907),
andtheDecision onNotification Procedures annexed totheFinal ActEmbodying theResults ofthe
Uruguay Round ofMultilateral Trade Negotiations.
Resolution No.8(approving import procedures, withannexes andregulations, Gaceta Oficial
(Official Journal) No.35.521 of10August 1994).
Resolution No.25(exemption fromtheExporters 'Register fortheCentral BankofVenezuela,
Official Journal No.35.543 of9September 1994).
Resolution No.80(authorizing theCentral Bank ofVenezuela tosellforeign currency topay
imports ofgoods notexceeding US$5,000 without priorauthorization bytheTechnical Office
forForeign Exchange Management (OTAC), Official Journal No.35.680 of27March 1995).
Resolution No.85(amending Resolution No.80-restrictions onthesaleofforeign currency
bytheCentral Bank ofVenezuela inorder topayimports ofgoods notexceeding US$5,000,
Official Journal 35.693 of8April 1995).
LawontheForeignExchangeRegime,adoptedbytheCongressoftheRepublicon17May1995
andpublished intheSpecial Edition oftheOfficial Journal oftheRepublic ofVenezuela
No.4.897.
1CopyoftherelevantOfficialJournalcontainingtheresolutionsandotherlegislationisavailableforconsultation
inWTO, Office No.1044.
./.WT/L/110
Page2
Resolution No.87(partial amendment ofResolution No.79-optional special regime for
exporters, Official Journal No.35.714 of19May1995).
Decree No.714(regulations ontheforeign exchange regime) of16June1995, published in
theSpecial Edition oftheOfficial Journal oftheRepublic ofVenezuela No.4.921.
Resolution No.98(partial amendment ofResolution No.63,special regime forthemanagement
offoreign currency forimports inthefreeportofNueva Esparta State, Official Journal
No.35.785 of30August 1995).
Resolution No.342of20October 1995, published intheOfficial Journal oftheRepublic of
Venezuela No.35.821, amending Articles 2and3ofDecree No.895of18October 1995,
published intheOfficial Journal oftheRepublic ofVenezuela.
ResolutionNo.12(authorizingbanksandotherforeignexchangeoperatorstoimportandpossess
stocks offoreign currency, Official Journal No.35.526 of17August 1994).
Resolution No.15(replacing bonds byother guarantees forimports oncredit, Official Journal
No.35.528 of19August 1994).
Resolution No.16(pre-payment tobanks forimports requiring theopening ofletters ofcredit,
Official Journal No.35.528 of19August 1994).
Resolution No.21(transferring responsibility forauthorizing thepurchase offoreign currency
uptoUS$500,000 toOTAC, Official Journal No.35.534 of29August 1994).
Resolution No.23(financing regime forimports ofcapital goods, Official Journal No.35.534
of29August 1994).
Resolution No.27(liberalization ofimports through partial payment agreements andreciprocal
credit under theLatin American Integration Association (LAIA) andothers, Official Journal
No.35.543 of9September 1994).
Resolution No.33(simplifying oftheregistration procedure forimporters, Official Journal
No.35.555 of27September 1994).
Resolution No.67(regime forobtaining foreign currency topayimports going togeneral
warehouses and in-bond customs warehouses, Official Journal No. 35.621 of
10December 1994).
Resolution No.70(payment oftrade liabilities resulting from direct imports from member
countries ofLAIA before 27June1994, Official Journal No.35.646 of3February 1995).
Resolution No.78(management offoreign currency forimports ofgoods notexceeding
US$5,000), Official Journal 35.671 of14March 1995).