ESPACIO PUBLICITARIO
CARACAS, Thursday January 31, 2013 | Update
 
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FOREIGN EXCHANGE

Venezuelan gov't speeds up forex for the production sector

The Official Gazette 40,101, released on Thursday, contains a related resolution from the Ministry of Planning and Finance

EL UNIVERSAL
Thursday January 31, 2013  12:14 PM
Venezuelan government authorities took action to energize the steps to apportion foreign currency among the companies of the domestic production sector.

The Official Gazette 40,101, released on Thursday, contains a related resolution from the Ministry of Planning and Finance.

The resolution lists tariff codes connected with the measure.

According to the official journal, capital goods, input and raw materials imported by companies from the Venezuelan production and processing sectors up to USD 50,000 will be benefited with the measure.
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The rock of discord

A shipment of over 30,000 tons of phosphate arrived at Puerto Cabello port in late July on board the Shi Long Ling, a Chinese-flagged vessel that began its long journey in northern Africa. The cargo boat docked on July 26 after traveling more than 3,200 nautical miles. Undoubtedly, this would just be considered one in many cargo ships crisscrossing the oceans if it were not for the fact that Venezuela has denounced Western Sahara occupation by Morocco and yet purchases the territory's natural resource products from the occupying power.

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