Rise in price of regulated foodstuffs published in Official Gazette
As provided for in the resolution passed by the Ministry of Commerce, the Ministry of Agriculture and Lands, and the Food Ministry, the sale price shall be displayed on the product or packaging
Article 2 of the resolution outlines that the given maximum sale prices shall be displayed on the product or its packaging. The regulation also provides that supermarkets and groceries shall display and give preference to the products included in the resolution over those that are not subject to price regulations.
Anyone violating the provisions set forth in the resolution will be subject to sanctions in compliance with the Law to Protect People's Access to Goods and Services.
Translated by Jhean Cabrera
Since the Venezuelan government imposed currency and price controls in 2003 property rights have been seriously affected, as the individual's freedom to acquire, use, enjoy and dispose of property has been severely restricted, according to experts.