ALCA FTAA ZLEA - Investment: Transfers - Barbados/Venezuela

Free Trade Area of the Americas - FTAA

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Investment Agreements in the Western Hemisphere: A Compendium

Agreement Between Barbados and Venezuela
15 July 1994

Subject: IV. Transfers

A. Types of Payment

1. Returns
Each Contracting Party shall guarantee, with respect to the investments of nationals or companies of the other Contracting Party, the unrestricted transfer of investments and returns. (Article 6).

2. Repayment of Loans

3. Proceeds of Total or Partial Liquidation of an Investment

4. Licenses and Other Fees

5. Other Categories of Payments

B. Convertibilty and Exchange Rates

1.Currency
Transfers shall be effected in the convertible currency in which the investment was originally made or in any other convertible currency agreed by the investor and the Contracting Party concerned. (Article 6).

2. Exchange Rates
Unless otherwise agreed, transfers shall be effected at the applicable rate on the date of transfer, in accordance with the regulations in effect with respect to the exchange rate. (Article 6).

3. Time of Transfer
Transfers shall be effected without delay. (Article 6).


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