Fedecámaras Táchira President: Only 10% of Industries and Businesses Remain Operational

Táchira's industries and businesses struggle, with only 10% operational, highlighting Venezuela's broader economic challenges and the urgent need for reforms to support the private sector.

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Fedecámaras Táchira President: Only 10% of Industries and Businesses Remain Operational

Fedecámaras Táchira President: Only 10% of Industries and Businesses Remain Operational

Maximiliano Vásquez, the president of Fedecámaras Táchira, has stressed the critical state of industries and businesses in the Venezuelan state of Táchira. According to Vásquez, a mere 10% of industries and businesses in the region remain operational, with the industrial sector struggling to survive.

Vásquez highlighted the pressing need for improvements in public services, streamlined import processes, and access to raw materials to support the ailing industrial sector and small businesses facing challenges in importing from Colombia. The ongoing power outages have further aggravated the situation, making it nearly impossible for businesses to produce and advance in commercial and industrial matters, as stated by Isabel Castillo, president of the Táchira Chamber of Commerce.

The possibility of importing electricity from the neighboring Colombian state of Norte de Santander has been discussed as a potential solution to address the power issues in Táchira. However, this option has not yet been realized. Venezuelan President Gustavo Petro has declared a non-working day on April 19th to avoid high electricity and water consumption due to the El Niño phenomenon.

Why this matters: The dire situation faced by industries and businesses in Táchira underscores the broader economic challenges Venezuela is grappling with. The struggle to maintain operations and the call for improved public services and import processes highlight the urgent need for comprehensive economic reforms and support for the private sector.

Vásquez emphasized the importance of strengthening guarantees for business owners in Táchira, noting that the binational exchange with Colombia has improved significantly, with trade volume reaching around $800 million. However, he stressed the need for measures to benefit companies and industries in Táchira, which has comparative advantages due to its proximity to Colombia. "The industrial sector is really just surviving, only about 10% of it is working," Vásquez stated, underscoring the gravity of the situation.

Key Takeaways

  • Only 10% of industries and businesses remain operational in Táchira, Venezuela.
  • Urgent need for improved public services, streamlined imports, and access to raw materials.
  • Ongoing power outages severely impact businesses' ability to produce and operate.
  • Possibility of importing electricity from Colombia's Norte de Santander state discussed.
  • Dire situation highlights broader economic challenges facing Venezuela's private sector.