Fedecámaras proposes a plan to increase exports from Venezuela

The president of the Federation of Chambers and Associations of Commerce and Production of Venezuela (Fedecámaras), Felipe Capazzolo, spoke about the economic recovery plan proposed to government authorities. This plan focuses on new business models, import substitution, and increased exports.

It also proposes attracting investment and a market penetration mindset. According to Capazzolo, it is essential to be mentally prepared for growth.

The executive asserted that the country can develop a plan with effective solutions. “We can have a fairly clear objective, and I am sure that we can raise our Gross Domestic Product (GDP), employment, and investment figures, and we can be on a more developmental path for the country,” he emphasized.

Regarding exports during the past year, “the trade association representative explained that there is significant room for improvement in Venezuelan exports, and there is much work to be done. That is why the focus and emphasis are on the capacity and the will to export.”

He added that “in 2023, Venezuela exported 19 billion dollars, of which slightly less than 3 billion came from the non-oil, non-gold, non-extractive sectors of the economy.”

There is still a long way to go, Capazzolo said, as the focus remains on the export of raw materials. According to the president of Fedecamaras, the next big step is exporting finished products: “Exporting with added national value means exporting good services. The crucial step is exporting the sacrifice and ingenuity of our people embodied in a high-quality product recognized internationally.”

M.Pino

Source: meridadigital

(Reference image source: CHUTTERSNAP on Unsplash)

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