ALCA FTAA ZLEA - Investment: Transfers - Argentina/Venezuela

Free Trade Area of the Americas - FTAA

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Investment Agreements in the Western Hemisphere: A Compendium

Agreement Between Argentina and Venezuela
16 November 1993

Subject: IV. Transfers

A. Types of Payment

1. Returns
Yes. Each Contracting Party shall grant to investors of the other Contracting Party the unrestricted transfer of investments and returns, and in particular, but not exclusively: a) capital and additional sums necessary for the management, maintenance or development of investments; b) benefits, profits, interests, dividends and other current incomes; c) funds for the reimbursement of loans; d) bonuses and honoraria; e) proceeds of the total or partial liquidation or sale of any investment; f) any compensation as indicated in Articles 6 and 7; g) incomes of nationals of a Contracting Party, in accordance with the laws of the other Contracting Party, who have lent their services as directors, managers, advisers, technicians or specialists with respect to the investment of an investor in the territory of the latter Party. (Article 5 (1)).

2. Repayment of Loans
Yes. (Article 5 (1) (c)).

3. Proceeds of Total or Partial Liquidation of an ALCA FTAA ZLEA - Investment
Yes. (Article 5 (1) (e)).

4. Licenses and Other Fees

5. Other Categories of Payments Yes. (Article 5 (1) (a), (d), (f), (g)).

B. Convertibilty and Exchange Rates

1.Currency
Transfers shall be effected without delay, in convertible currency, at the normal applicable rate on the date of transfer, in accordance with the procedures established by that Contracting Party. Such procedures shall not impair the rights set forth in this Article. (Article 5 (2)).

2. Exchange Rates
Transfers shall be effected at the normal applicable rate on the date of transfer, in accordance with the procedures established by that Contracting Party. (Article 5 (2)).

3. Time of Transfer
Transfers shall be effected without delay. (Article 5 (2)).


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