ESPACIO PUBLICITARIO
CARACAS, Thursday January 24, 2013 | Update
 
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FINANCE

Delays in sale of US dollars lash some 80% of Venezuelan companies

The Venezuelan-American Chamber of Trade and Industry stressed the need for dialogue between the Venezuelan Government and the private food sector

Some firms have reported delays from three to six months (File photo)
EL UNIVERSAL
Thursday January 24, 2013  10:52 AM
General manager of the Venezuelan-American Chamber of Trade and Industry (VenAmCham) Carlos Tejera stressed that both the Venezuelan Government and the private sector must reach an agreement to jointly overcome the troubles facing food production, distribution, and trade companies in Venezuela, in order to regularize their activities.

Tejera told private news TV channel Globovisión that 70-80% of VenAmCham affiliates have reported delays and a reduction in the amount of US dollars they are sold by the Foreign Exchange Administration Commission (Cadivi).

He said that delays in permits and non-domestic production certificates have also hit the food trade chain. "Some firms report delays from three to six months."

Tejara remarked that labor issues have played a role as well. He highlighted "the need to engage in dialogue so as to clearly establish in the Organic Labor Law the protection of food production and transport so as to prevent these activities from being the target of unjustified actions by trade unions." 

Translated by Jhean Cabrera
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