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…Monday, August 31, 2015
Residents take canoes as Venezuela expands border closure
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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