Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Venezuela government, opposition resume talks in Dominican Republic

Published 01/12/2018, 05:19 PM
Updated 01/12/2018, 05:19 PM
© Reuters. Delegates of President Nicolas Maduro's government and Venezuela's opposition coalition meet for a round of talks, in Santo Domingo

By Jorge Pineda

SANTO DOMINGO (Reuters) - Members of Venezuela's leftist government and opposition leaders resumed talks in the Dominican Republic on Friday, seeking to reach an agreement to ease a deep political and economic crisis in the OPEC country.

The two sides failed to come to terms in a prior round of talks last December, when they concluded by saying they had made progress but needed more time. Expectations among Venezuelans for a deal this time around are low.

Opposition coalition Democratic Unity "is attending the meeting in good faith, to seek a way of allowing Venezuelans to build a route to the future," tweeted party lawmaker Luis Florido on Thursday.

The opposition leaders are demanding that Venezuelan President Nicolas Maduro accept humanitarian assistance from abroad to ease a crisis that has led to shortages of food and basic goods for millions of people.

They are also calling for the release of several hundred jailed political activists.

Government representatives want the opposition to push for the elimination of sanctions levied last year by U.S. President Donald Trump's administration, which have added to economic woes and complicated a debt restructure.

Dominican President Danilo Medina is leading the negotiations, which also include representatives from Bolivia, Chile, Mexico and Nicaragua.

Some of the participating countries have threatened to withdraw if agreements are not reached in this round.

"If there are no concrete and credible results, then there will be no point in moving forward," Chilean Foreign Minister Heraldo Munoz wrote on his Twitter account on Thursday.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Mexico's foreign ministry said in a statement on Friday that it was also "evaluating" its participation.

Previous talks, including a 2016 round facilitated by the Vatican, failed to reach agreement.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.