President Maduro Announces Economic Growth and New Measures to Boost Foreign Trade in Venezuela

In an effort to facilitate trade and exports, President Maduro announced the activation of a decree that will simplify the procedures and protocols necessary to establish a unified export protocol for entrepreneurs in the country. Jan 15, 2025 Photo: Presidential Press

January 15, 2025 Hour: 7:26 pm

Finally, President Maduro instructed the Executive Vice President, Delcy Rodríguez, to implement new mechanisms that strengthen the active defense of the national industry and optimize the utilization of installed capacity.

The President of the Bolivarian Republic of Venezuela, Nicolás Maduro, highlighted the growth in several economic sectors of the country, with figures that reflect significant progress.

During his speech in the Annual Message to the Nation, he mentioned a 25.9% increase in the construction sector, followed by a 21% increase in mining, a 14% increase in oil activity, and 6.2% growth in both agriculture and trade, as well as in vehicle repair. Manufacturing also showed an increase of 4.6%.

In an effort to facilitate trade and exports, Maduro announced the activation of a decree that will simplify the procedures and protocols necessary to establish a unified export protocol for entrepreneurs in the country.

The President also announced the creation of the Ministry of Foreign Trade, which will be led by Coromoto Godoy. This new institution will focus on enhancing Venezuela’s export capabilities.

The aim is to move towards a strategic substitution of imports. These measures seek to consolidate a more sustainable and diversified economic model for the country.