The exports of textiles produced by Bolivian entrepreneurs to Venezuela have decreased by 50 percent during the first eight months of the current year, due to election and change of government in Venezuela, according to the National Chamber of Exporters of Bolivia (CANEB), Los Tiempos reported.
The exports of textiles produced by Bolivian entrepreneurs to Venezuela have decreased by 50 percent during the first eight months of the current year#
The textile and apparel exports from Bolivia to Venezuela declined to US$ 15 million in January-August 2013, compared to exports of US$ 30 million made during the corresponding period of last year, CANEB president Guillemo Poumont said.
The exports of textiles produced by Bolivian entrepreneurs to Venezuela have decreased by 50 percent during the first eight months of the current year#
He said that at its peak, Bolivia exported textile and garments up to US$ 50 million to Venezuela.
The exports of textiles produced by Bolivian entrepreneurs to Venezuela have decreased by 50 percent during the first eight months of the current year#
He attributed the decrease in exports to Venezuela to administrative problems and policy issues related to the general election and the subsequent inauguration of Nicolas Maduro as Venezuelan President.
The exports of textiles produced by Bolivian entrepreneurs to Venezuela have decreased by 50 percent during the first eight months of the current year#
Between February and August this year, the trade links were temporarily closed due to general election and the change of government in Venezuela, he said.
The exports of textiles produced by Bolivian entrepreneurs to Venezuela have decreased by 50 percent during the first eight months of the current year#
Mr. Poumont expressed hope that the trade, especially textile trade, relations with Venezuela will normalize in the coming months, after the visit of Bolivian Deputy Minister for Internal Trade and Export Luis Fernando Baudoin to Venezuela this month.
The exports of textiles produced by Bolivian entrepreneurs to Venezuela have decreased by 50 percent during the first eight months of the current year#
Earlier in May this year, Bolivia and Venezuela signed an agreement to boost textile sector cooperation and to develop the textile sector of both countries.
The exports of textiles produced by Bolivian entrepreneurs to Venezuela have decreased by 50 percent during the first eight months of the current year#
As per the deal, new centers, with facilities to use innovative technologies, are to be set up to aid the textile sectors of both countries.
The exports of textiles produced by Bolivian entrepreneurs to Venezuela have decreased by 50 percent during the first eight months of the current year#
The agreement was subsequently approved by the National Assembly of Venezuela in August this year.
The exports of textiles produced by Bolivian entrepreneurs to Venezuela have decreased by 50 percent during the first eight months of the current year#
Fibre2fashion News Desk - India