CARACAS, Monday October 28, 2013 | Update

Brazil pressures Venezuela to settle debt over food imports

A Brazilian mission visited Venezuela last week. Delays in payments to Brazilian companies were one of the main items in the agenda; in some cases, delays amount to four months

Monday October 28, 2013  02:15 PM
Amid accrued liabilities arising out of imports from Brazil by Venezuelan state-run companies, the Brazilian government sent last week a mission to Caracas, daily newspaper Folha de Sao Paulo reported on Monday.

Accrued liabilities extend, in some cases, to four months, reported news agency DPA based on information provided by the affected Brazilian companies. The situation lashes mainly the food sector, which reported a rise in its sales to Venezuela within the framework of the Brazilian government plan aimed at helping Venezuela face staple shortage.

According to the newspaper, delays in payments are attributed to the economic crisis in Venezuela, which has led Nicolás Maduro's government to implement tougher controls over the sale of US dollars.

Given entrepreneurs' concern, Brazilian President Dilma Rousseff sent a mission to Venezuela comprised by Development, Industry, and Foreign Trade Minister Fernando Pimentel and Foreign Affairs Advisor Marco Aurelio García.

"Officially, the mission aimed at ratifying Brazil's willingness to help its economic partner overcome the crisis of food supply, yet delays in payments have been one of the main topics," added DPA.

Translated by Jhean Cabrera