Venezuela Modernizes Exports with AI: A Radical Change in Foreign Trade

In a move that could redefine Venezuela’s foreign trade, Venezuelan President Nicolás Maduro announced a series of reforms aimed at modernizing and streamlining export processes. With the implementation of artificial intelligence (AI), the time required to complete export formalities will be drastically reduced from 51 to only 10 days.

This transformation is part of a decree that seeks to simplify and unify the protocols for entrepreneurs, marking a milestone in the country’s commercial history.

The creation of a new ministry, the Ministry of Foreign Trade, will be key to this initiative. The graduate and ambassador Coronoto Godoy has been appointed as its head, with the mission of centralizing and coordinating all institutions related to international trade in Venezuela.

 This approach seeks not only to facilitate the processes but also to strengthen the country’s export vocation, which has faced significant challenges in recent years.

In addition, the modernization of foreign trade is complemented by the creation of the Venezuelan National League for Entrepreneurship. This new entity emerges after an extensive consultation process involving more than 3.5 million citizens through 160,000 assemblies, reflecting a participatory approach in economic policy formulation.

The League will act as a catalyst for business development, providing entrepreneurs with mentoring programs, connections to both national and international sectors, access to credit, expert advice, and promotion of their brands.

These measures not only represent a significant technological advance but also demonstrate a commitment by the Venezuelan government to revitalize its economy through entrepreneurship and innovation.

 By integrating AI into business processes, Venezuela is seeking to position itself in an increasingly competitive global market where efficiency and speed are crucial.