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Venezuela Proposes Creation of Free Trade Zone to UN

© Sputnik / Roman MakhmutovUnited Nations General Assembly
United Nations General Assembly - Sputnik International, 1920, 24.09.2023
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MEXICO CITY (Sputnik) - The Venezuelan government proposes creating a sanctions-free zone where financial transactions, trade and investment will be protected from Western restrictions, Venezuelan Foreign Minister Yvan Gil said on Sunday.
"We propose creating a zone free from unilateral coercive measures in which we can carry out our financial transactions and interbank payments and which will allow us to guarantee direct investment and legal trade between our countries without risks, arbitrary or punitive obstacles from Western powers," Gil said at the UN General Assembly.
One-dollar notes. - Sputnik International, 1920, 17.07.2023
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Gil added that the Venezuelan economy, despite sanctions, has begun the process of recovery with projected growth rates significantly higher than those of other countries in the region.
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