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
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
President Nicolás Maduro is not only the heir to the throne, but also to an economic crisis which demanded urgent measures to rectify the course. The crisis showed up in two aspects: a 50% inflation estimate, and shortage of staples ranging between 70% and 98%. These issues might hit the President's poor popularity; considering his feeble electoral victory of 1% over his challenger.