Wednesday, 30 November 2016

Update on "Venezuela" posted in Wikipedia Encyclopedia

In light of changes in the international economy such as oil and gas prices, oil production, changes in holdings of reserves and such, I provided an update on one part of "Venezuela " in Wikipedia Encyclopedia which I am posting below:

"International relations and relationships

Trinidad and Tobago

To the people of Trinidad and Tobago, Venezuela has been a neighbor initially because of the geographical location of the two countries, however over time the geographical and human resources of both countries have allowed for changes in the relationship. Also both countries have had a longstanding diplomatic relationship whereby an embassy was established as far back as 1987 if not earlier.

One of the articles of The Double Taxation Relief (Venezuela)Order 1999 - (Legal Notice #348 of the Republic of Trinidad and Tobago) allowed for the protection for the fiscal privileges of diplomatic agents or consular officers.  The Double Taxation Relief (Venezuela) Order 1999 was issued in the English and Spanish languages with each version being equally authentic. Attached to the Convention was a Protocol, both of which (Convention and Protocol) were done on 31st day of July 1996, and both of which were signed by Ralph Maraj for the Government of the Republic of Trinidad and Tobago and by Angel Burelli Rivas for the Government of the Republic of Venezuela. The Protocol included the following details "M Look Loy Acting Secretary to Cabinet on 30th day of December 1997".

The purpose of the Protocol was for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion and Avoidance with respect to taxes in income and for the Encouragement of International Trade and Investment and included four (4) clauses which "shall be an integral part of the Convention."

The Venezuelan embassy which is located on Victoria Avenue in Port of Spain, Trinidad and Tobago, is in close proximity to the offices of BP, REPSOL and some of the other O&G companies which operate in Trinidad and Tobago. The modest building and teams have served as a reminder of who the people of Venezuela are to the visitors to the country of Trinidad and Tobago.

Information on the country of Venezuela was sought by many a student and school teacher who needed to boost their knowledge of the culture and the language of Spain and Venezuela in preparation for examinations at the Ordinary Level of GCE and currently CXC."

Click on the link  to read the information on Wikipedia

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