Venezuelan gov't denies reports on halt of Brazilian exports - EntornoInteligente

El Universal / Venezuelan Minister of Industry and Trade Carlos Faría denied Monday claims that 449 Brazilian companies stopped exporting products to Venezuela due to the “increasing difficulty” to collect payments, as stated in a report published on Sunday by Brazilian daily newspaper Folha of São Paulo.

During an interview broadcasted on state-run news TV channel Venezolana de Televisión (VTV), Faría said there is “no consistency” with the paper’s information. “The only thing reported there is that a company named Alpargata, which seems to export (…) flip-flops, stopped selling that product to Venezuela,” he explained.

Country risk

Faría further called US risk rating agencies into question for maintaining the negative qualification of the Caribbean nation. In the officer’s view, this move is unrelated to the country’s economic performance but responds to “political ends” aimed at maintaining the so-called “economic war.” “Add to this,” he continued, “the fact that Citibank has resigned as Venezuela’s paying agent.”

“We have been rated on unsubstantiated grounds as a high-risk economy. We have fully complied, duly on time, with debt and interest commitments,” the minister stated.

Venezuelan gov't denies reports on halt of Brazilian exports

Con Información de El Universal

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