United States Accused of Imposing Discriminatory Trade Measures on ‘Venezuelan Digital Economy.

in news •  6 years ago 

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The request asserts that the U.S. has unilaterally imposed “coercive trade-restrictive measures … on the Bolivarian Republic of Venezuela,” including “Discriminatory coercive trade-restrictive measures with respect to transactions in Venezuelan digital currency.”

Venezuela Files Complaint With WTO Regarding US Sanctions Targeting PetroVenezuela claims that the US sanctions subject Venezuelan financial service supplies to treatment that is “less favorable than that accorded to like services and service suppliers of WTO Member States not subject to the measures.”

The document states that “inasmuch as digital currencies originating in the United States are not subject to the same prohibitions as Venezuelan digital currencies, the United States is according less favorable treatment to Venezuelan financial services and service suppliers than to like domestic financial services and service suppliers, in violation of Article XVII:1 of the GATS.”

The request seeks the “modification, replacement or amendment” of the aforementioned U.S. sanctions targeting Venezuela.

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