Monday, August 31, 2015

Colombia: Venezuela Desperately Seeks A Scapegoat


There is lots of legal trade across the border, much of it involving food. Most of the trade is from Colombia to Venezuela. The primary legal items coming into Colombia from Venezuela are industrial products (steel, iron, chemical products and petroleum products). This trade has been declining because of the collapse of the Venezuelan economy and the shortage of foreign currency to pay for imports. The food is desperately needed, mainly because of the illegal export of subsidized food to Colombia. Closing the border will slow down (because the main roads can no longer be used) but not disappear. It is too lucrative for the smuggling gangs and corrupt Venezuelan officials who make it work. More…

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