Mercosur partnership makes food import cheaper
According to Minister of Industries Ricardo Menéndez, Venezuela's entry into the regional bloc will "take tariffs down to zero"
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Venezuela's membership with Mercosur means "cheaper" foodstuffs imported from the bloc Member States, according to Minister of Industries Ricardo Menéndez.
The senior government officer specified that 52% of the goods imported by Venezuela associated to Mercosur are foodstuffs and now they will be cheaper.
"This will take tariffs down to zero and, surely, make these products cheaper," he said in a press conference aired on state-run TV channel VTV.
He highlighted another advantage, that is, the possibility that Argentinean or Brazilian companies will settle down in Venezuela to find a niche in new markets.
"Venezuela's strategic position represents at the same time some advantages of utmost importance," he reasoned.
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