Venezuela estimates significant growth in the Industrial sector

The Executive Vice President of the Bolivarian Republic of Venezuela, Delcy Rodríguez, pointed out during the Economic Vision Forum 2023 held as part of the celebration of 50 years of Fedeindustria, that for next 2023 is projected a significant growth in the industrial sector due to the policies promoted for the protection of national production.

She stressed that one of the advances in this aspect has been the tariff and non-tariff policy, which has been adapted during the exemptions in the 2019-2020 term: “The number of exempted codes was 7,233 of the total of 11,220 exempted codes. All of this has undoubtedly had an impact on national production and we have come up with a policy where in 2022 only 2,118 codes are exonerated and we are projecting some 1,567 codes for 2023”.

Rodríguez stressed that, as in 2022, in the coming year national production will continue to increase and advance in the process of strategic import substitution:

“This 2022 we had significant growth, for 2023 what is being projected in the case of canned sardines at 30.6% growth, beef 21% growth, rice 20.6%, coffee 19%, oil 18%, chicken meat 18%, sausages almost 15%, pasta 14%, milk 12.6%, sugar 10.1%, corn flour almost 7% and pork 6%”, explained the Executive Vice President.

She confirmed that the growth in national production has been happening for consecutive years, which is important for the country because it guarantees food security and sovereignty in an international geopolitical context that has had an impact on the country:

“When we see growth levels from 20% in 2017 to 89% in 2021 and we know what is higher in 2022, we must applaud Venezuela, which has been carrying out through all its efforts, its productive capacities and above all the policy assumed by the government of President Nicolás Maduro”, she pointed out

She stressed that this is not a policy that has been carried out overnight, but that it responds to an economic recovery program, which President Maduro presented to the country in August 2018 and which is paying off since 2021.