Our Perspective on Venezuela: Framing a Practical Path Forward
In discussions that reach the highest levels of government, it is essential to translate complex regional dynamics into actionable next steps. The following remarks outline our industry’s perspective on the ongoing situation in Venezuela, as shared in a White House briefing with President Donald Trump. The aim is to illuminate practical policy priorities that can help restore stability, safeguard civilian welfare, and encourage a sustainable recovery in the region.
Context: What is at Stake?
The crisis in Venezuela extends beyond a single economy or political faction. Severe hyperinflation, shortages of essential goods, and a humanitarian strain have affected millions. At the same time, the region faces migratory pressures, security challenges, and questions about democratic governance and rule of law. Our perspective prioritizes humane outcomes for Venezuelans and stable, lawful international engagement that respects sovereignty while preserving basic rights.
Key Areas of Focus
1) Humanitarian Assistance with Accountability
Any aid must reach those in need without being diverted by illicit actors. We advocate for transparent funding mechanisms, robust monitoring, and collaboration with international organizations to ensure aid is both timely and properly targeted. This approach minimizes risk to civilians while reinforcing the norms of international humanitarian law.
2) Economic Stabilization and Sanctions Reform
Sanctions should be precise and focused, aimed at compelling change without deepening humanitarian harm. We emphasize targeted measures that disrupt illicit networks, protect financial systems, and create an enabling environment for legitimate commerce. A clear pathway for relief and reconstruction should accompany policy changes to reassure investors and workers alike.
3) Political Process and Democratic Reinforcement
A return to inclusive dialogue and credible electoral processes is essential. Our stance supports international mediation that preserves sovereignty while upholding freedoms of expression, assembly, and press. Civil society, non-governmental organizations, and the private sector should be invited to participate in reform efforts that strengthen institutions and restore public trust.
4) Regional Collaboration
The Venezuela issue cannot be solved in isolation. South American neighbors, Caribbean partners, and international actors must coordinate, share intelligence, and align policies to prevent destabilizing spillovers. Economic diversification, energy cooperation, and cross-border humanitarian initiatives can help stabilize neighboring countries and reduce pressure on migration systems.
Why This Perspective Matters to Policy Makers
Practical, measurable steps that balance humanitarian needs with long-term governance reforms can build legitimacy, reduce volatility, and create opportunities for sustainable development. By prioritizing transparency, rule of law, and regional cooperation, the international community can support Venezuela’s path toward renewal without sacrificing core values.
Conclusion: A Collaborative Route to Stability
The remarks delivered in Washington reflect a shared belief that meaningful progress requires patience, coordination, and a clear-eyed assessment of what works on the ground. Our approach centers on protecting civilians, encouraging responsible governance, and fostering an environment in which Venezuelans can rebuild their livelihoods with dignity. As policy conversations continue, the goal remains to shape a constructive, enforceable framework that can endure beyond immediate crises.
