Venezuela's non-oil export capacity is four times lower than it was over a decade ago
The president of the Venezuelan Association of Exporters (Avex), Gustavo González Velutini, noted that Venezuela has high-quality products and added that Venezuelan businessmen must be encouraged to look at neighboring countries as potential clients. He also pointed out that companies do not have the same strength today as they did in 2012, 2013, and 2014, when Venezuela managed to export up to US$8 billion. ...
TL;DR
- Venezuela's non-oil export capacity is currently US$2.3 to US$2.5 billion, significantly lower than the US$8 billion achieved between 2012 and 2014.
- High taxes are making Venezuelan products uncompetitive in the international market.
- Discussions are ongoing with the Ministry of Foreign Trade and Seniat to explore tax reversal mechanisms.
- Venezuela needs to establish better trade agreements, as it is not part of major economic blocs like CAN, G3, or Mercosur.