Fedecamaras Urges U.S. and Venezuela to Resume Negotiations

Fedecamaras, a Venezuelan business guild, has called for the U.S. and Venezuela to restart negotiations following the cancellation of Chevron's operating license. The guild warns of the severe economic impact and the wide-ranging effects on businesses that could result from this decision.

In response to the U.S. revoking Chevron's license in Venezuela, the business guild Fedecamaras has expressed deep concerns over the potential economic fallout. The organization stressed the urgency of renewing diplomatic talks to mitigate adverse effects on the nation's economy.

Fedecamaras outlined in a statement that the cancellation of Chevron's operating license could drastically impact Venezuela's already fragile economy and affect a broad spectrum of industries reliant on the oil sector.

The guild has made a formal appeal to both the U.S. and Venezuelan governments to promptly resume discussions. They believe that cooperative dialogue is essential to prevent further economic decline.

(With inputs from agencies.)