Foreign trade of Venezuela foresees an increase of 20% for this year
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Loading... - David Green
- 06 Feb 2023
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Visits by businessmen from France and Spain are planned for this year, even without a date, while the Venezuelan private sector plans to travel to Argentina, Panama, the Dominican Republic and several European countries to show the potential of Venezuela
Exports from Venezuela, affected in recent years by sanctions, will increase 20% in 2023 compared to last year, according to independent estimates, which take into account factors such as greater access to international markets, which is expected to improve this year thanks to a closer relationship with other countries.
The Venezuelan Association of Exporters (AVEX) explained to EFE that, by facilitating internal processes, improving access to world markets through agreements that give the country tariff benefits, and increasing financing, exports will reach 3,600 this year. million dollars, when in 2022 they closed at about 3,000 million.
In this sense, for Fedecámaras, the largest employer in the country, it is essential to resume international contacts and for the nation to reinsert itself into the commercial world despite the impact of the sanctions issue, the union's president, Carlos Fernández, told EFE.
A recent visit to Caracas by a delegation of 69 Turkish businessmen, headed by the Turkish Minister of Commerce, Mehmet Muş, adds to the steps that have fueled expectations that Venezuela will strengthen its international trade, among which the resumption of diplomatic relations and rapprochements with other countries, especially in Latin America.
Fedecámaras participated on January 23 in a business round with Turkish businessmen in Caracas, where there were more than 1,200 meetings between companies from both countries, who agreed to maintain the sea route and discussed expanding the air route to 2 daily frequencies.
In addition, Turkey is traditionally an entry point for goods from the Americas and the West that then go to Eurasia and the Persian Gulf, which is why the private sector sees this rapprochement as very profitable. Read More…
