Textile industry worried over Venezuela import ban
30 Jul '09
1 min read
The textile and garment sector in Colombia is very worried over the fact that the neighbouring country of Venezuela sector may ban imports of goods from Colombia, one of its biggest buyers.
Earlier, the Venezuelan government had stopped providing dollars to Venezuelan importers of textile goods from Colombia at the official exchange rate, due to which they have to buy them from the open market at a high rate.
This is the second time in as many years that Venezuela has banned imports of goods from Colombia. Venezuela is the one of the biggest importer of textiles and apparels from Colombia.
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