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National Government will execute Law against Hoarding and Speculation

The Government of the Bolivarian Republic of Venezuela will execute the Law against Hoarding and Speculation for those businessmen trying to create an irregular situation with the food chain products.

Caracas, Jan 31 (ABN).- The Government of the Bolivarian Republic of Venezuela will execute the Law against Hoarding and Speculation for those businessmen trying to create an irregular situation with the food chain products.
The statements were made this Thursday by the Vice-president of the Republic, Ramón Carrizales, after a private meeting with National Assembly deputies, as well as the Minister of the People's Power for Interior and Justice, Ramón Rodríguez Chacín.

He said it was a short but productive meeting, “where we talked about the reform of the Executive Oredr Law against Hoarding and Speculation, where it is established severe sanctions for those that fraudulently rig supply controls”.

Carrizales pointed out that a People's Supply Commission was created to be in charge of the execution of this law, which will be led by the Ministry of the People's Power for Light Industries and Commerce.

Regarding the immediate measure to be applied in order to solve the situation, he stated that the first step has been to attack those people hoarding food products trying to get an artificial increase in their prices.

The Vice-president also stressed that Government is making easier for those people importing products that are not produced in the country and looking for a solution to some deficiencies at the agricultural sector.

Regarding the situation at the border, Carrizales said that big storage warehouses are being used for hoarding purposes, especially at San Antonio del Táchira (Venezuelan city at the border with Colombia).

“There is not a real shortage. It is something created artificially to make people nervous”.

Carrizales assured that food products seized at the borders are being distributed in the region and they have been distributed at places where the people can get them.

“People can not allow others manipulate them with this perverse tendency of frighten consumers to generate fear”, he said.

Translated by Ernesto Aguilera

Source: Agencia Bolivariana de Noticias

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