Agricultural imports spike to 99.6% in one year
Purchases for the industry of food and beverages leapt 29.9%
According to the National Statistics Institute (INE), in the first half of this year, imports of the sector of plants and animals jumped 99.6% compared the same term in 2011.
Between January and June of 2012, imports of that sector summed up USD 2.5 billion; in the first half of 2011, imports totaled USD 1.26 billion.
INE numbers show that Venezuelan imports advanced 28.3% between the first half of 2011 and the first half of 2012, from USD 15.82 billion to USD 20.30 billion.
Electrical materials got the largest amount of funds, that is, USD 6.40 billion or a hike of 25.8%.
A group of some 60 Venezuelan economists from across the country and from different generations and backgrounds, has met regularly in the past couple of years and now has brought forth a document explaining the reasons of the current emergency and outlining specific proposals on how to address the serious economic crisis the country has plunged into over the last three years.