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601 Law that creates national commerce and VENECOM S.A.

On November 29th of 2013, in the Extraordinary Gazette Number 6116 the Decree with Force of Law creating the National Center for Foreign Commerce and the Venezuelan Corporation of Foreign Commerce is published. These institutions have the object of regulating and promoting the diversification of the economy and the optimization of the foreign currency exchange system in light of the new economic policy found in the Homeland Plan by creating the National Center for Foreign Commerce as well as authorizing a new State Corporation denominated VENEZUELAN FOREIGN COMMERCE CORPORATION –VENECOM, S.A.

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