President Chavez Raises Tariffs at Venezuela Ports (here come more inflation)

[naaman fletcher]

According to an official statement form the government, on June 24, Venezuelan President Hugo Chavez will increase the country’s port tariffs. Tariffs at certain ports will rise as much as 250 percent.

A recent statement from the Puerto Cabello Chamber of Commerce warned that that the increase will “continue the inflationary spiral” in the country, which will only make worse the devaluation of Venezuela’s currency.

According to Bloomberg, the chamber estimated that port charges at Puerto Cabello will rise by an average of 250%.

In 2009, Venezuela nationalized its ports with facilities now administered by a government-run agency. Bloomberg added that that the government announcement stated that services would now be administered at a single rate.

http://www.hispanicallyspeakingnews.com/notitas-de-noticias/details/president-chavez-raises-tariffs-at-venezuela-ports/8196/

[joshcryer]

1. How do the unions feel about this?

Going to dig.

[Bacchus39]

2. I've read today in Universal and El Nacional that the government will spend 5 billion

on food imports. I don't actually comprehend that number but that amount is an indication that sustainable domestic food production is no longer being considered as an achievable goal. Colombia is very much part of the solution.

[joshcryer]

3. This is so disturbing to me because energy rich countries should never have an agriculture problem.

It's mind numbing and disheartening. How shitty is their government really? Damn.