More information about Venezuela is available on the Venezuela Page and from other Department of State publications and other sources listed at the end of this fact sheet. The United States established diplomatic relations with Venezuela in Venezuela is currently subject to certain restrictions on U. The President has waived these restrictions with respect to programs that are vital to the national interests of the United States, such as human rights and civil society programs.

Under this provision, defense articles and services may not be sold or licensed for export to Venezuela during the relevant fiscal year. The United States is Venezuela's largest trading partner. Crude oil dominates U.

Political tensions, state intervention in the economy, including expropriations, macroeconomic distortions, physical insecurity, corruption, and a volatile regulatory framework make Venezuela a challenging climate for U. A complex foreign exchange regime and restricted access to dollars have prevented firms from repatriating their earnings out of Venezuela and importing industrial inputs and finished goods into Venezuela.

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Extremely limited access to dollars, price controls, and rigid labor regulations have compelled many U. Inthe Secretary of State imposed sanctions under the Iran Sanctions Act of ISA on Venezuela's state oil company PDVSA for delivering at least three cargoes of reformate, a blending component for gasoline, to Iran between December and March The sanctions prohibited PDVSA from competing for U.

Government contracts, securing financing from the Export-Import Bank of the United States, and obtaining export licenses. The ISA sanctions on PDVSA were lifted as a part of the Joint Comprehensive Plan of Action JCPOA on January 16, Sanctions Under the Joint Comprehensive Plan of Action JCPOA on Implementation Day.

Inthe Department of State announced the re-imposition of nonproliferation sanctions on the Venezuelan Military Industry Company CAVIM and other foreign entities and individuals under the Iran, North Korea, and Syria Nonproliferation Act INKNSA. On March 9,the President announced a new Executive Order E. Individuals and entities designated for the imposition of sanctions pursuant to the E. Except as authorized by the Secretary of State, designated individuals will not be permitted to travel to the United States.

Venezuela and incentive stock option foreign corporation United States belong to a number of the same international organizations, including the United Nations, Organization of American States, International Atomic Energy Agency, International Civil Aviation Organization, International Monetary Fund, Interpol, United Nations Human Rights Council, World Bank, World Health Organization, and World Trade Organization.

On January 24,Venezuela withdrew from the Convention on the Settlement of Investment Disputes between States and Nationals forex broker spread comparison Other States, which creates the International Center for Settlement of Investment Disputes ICSID. On September 10,Venezuela formally withdrew from the American Convention on Human Rights.

Venezuela started a two-year forex trading demographics in the United Nations Security Council on January 1, Venezuela is a founding member of the Organization of the Petroleum Exporting Countries OPECthe Bolivarian Alliance for the Peoples of Our America ALBAthe Community of Latin American and Caribbean States CELACand PetroCaribe. Venezuela is also a member of the Non-Aligned Movement, the Southern Common Market Mercosurthe Union of South American Nations UNASURthe G, the G, and the G There currently is no U.

Ambassador to Venezuela; the U. Venezuela maintains an embassy in the United States at 30th St. NW, Washington, DC ; tel. Uob foreign exchange rate information about Venezuela is available from the London stock exchange brokers list of State and other sources, some of which are listed here:.

Department of State Venezuela Country Page Department of State Key Officers List CIA World Factbook Venezuela Page U.

Embassy USAID Venezuela Page Earn cash fast melbourne of U. Relations With Venezuela Human Rights Reports International Religious Freedom Reports Trafficking in Persons Reports Narcotics Control Reports Investment Climate Statements Office of the U.

Trade Representative Countries Page U. Census Bureau Foreign Trade Statistics Library of Congress Country Studies Travel Information U. Energy Information Administration Country Reports on Terrorism.

The Office of Website Management, Bureau of Public Affairs, manages this site as a portal for information from the U. External links to other Internet sites should not be construed as an endorsement of the views or privacy policies contained therein. Department of State Diplomacy in Action. Menu Secretary Tillerson Remarks Travel Biography About Mission Statement QDDR Organization Chart Budget Department of State by State Rules and Info Collection Partner With State Senior Officials Alphabetical List of Bureaus and Offices Advisory Groups Biographies Plans, Performance, Budgets Agency Financial Reports Open Government Initiative No FEAR Act Inspector General Hotline U.

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Relations With Venezuela Share. Bureau of Western Hemisphere Affairs.

Bilateral Economic Relations The United States is Venezuela's largest trading partner. Venezuela's Membership in International Organizations Venezuela and the United States belong to a number of the same international organizations, including the United Nations, Organization of American States, International Atomic Energy Agency, International Civil Aviation Organization, International Monetary Fund, Interpol, United Nations Human Rights Council, World Bank, World Health Organization, and World Trade Organization.

Bilateral Representation There currently is no U.

More information about Venezuela is available from the Department of State and other sources, some of which are listed here: Business Commercial and Business Affairs Office Key Officers of Foreign Service Posts Office of Global Partnerships Small and Disadvantaged Business Utilization.

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