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June 30, 2022
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AN approved by qualified majority Law of Special Economic Zones

AN approved by qualified majority Law of Special Economic Zones

The National Assembly unanimously approved this Thursday the second discussion of the draft Law on Special Economic Zones.

“It is approved by an evident qualified majority, consequently the Organic Law of Special Economic Zones is declared sanctioned and is immediately remitted to the Constitutional Chamber of the Supreme Court of Justice, in accordance with the provisions of article 203 of the Constitution of the Republic, for the purposes of its analysis to be sent to the Executive and then it will be issued by the National Executive”, said the president of the National Assembly, Jorge Rodríguez.

Before the unanimous approval, Rodríguez emphasized: “Sooner rather than later we will begin to see what it means in a process of Bolivarian Socialism, like the one we are building together, we will see the establishment of Special Economic Zones. Thank you deputies and deputies », he stressed.

The Organic Law of Special Economic Zones (LOZEE) aims to regulate the creation, organization, operation and administration of these zones, their development areas, production chains, development projects, economic incentives, project approval institutions, control body and coordination, economic benefits, monitoring and evaluation, indicates a note from the National Assembly.

For his part, the president of the Permanent Commission of Economy, Finance and National Development, deputy Jesús Faría, stressed that this law seeks to preserve the independence of the Republic and is fully in tune with the economic development of the nation.

He also said that the norm was widely debated by all sectors of the country, including the working class.

This bill was approved in its second discussionafter being exposed by the president of the Permanent Commission of Economy, Finance and Development, Nicolás Maduro Guerra, who explained that the objective of this project is to innovate in the country’s economic activity and promote direct investment to contribute to the recovery process .

After its approval, the project will now be sent to the TSJ to then send it to the National Executive, where it will be evaluated for a period of no more than 180 days, for its absolute approval.

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