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
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.