AVN.- The Venezuelan government will set up Tuesday a working group with all productive sectors of the country to boost their capacities and make progress in building a new economic, diversified and sustainable model.
“This Tuesday, the Executive will set up a working group with all productive sectors to determine the potential of the country. The objective of this working group is to boost the economy, as a fundamental line of work of President Nicolas Maduro,” said Minister for Foreign Trade and Investment, Jesus Faria, in his Twitter account.
The proposal to carry out this meeting emerged from the plenary session of the National Council of Productive Economy, held last Friday at the government’s White Palace in Caracas.
Launched in January 2016, this council provides an opportunity for public and private sectors to exchange views and design strategies aimed at boosting production, through the development of the 15 engines of the Bolivarian Economic Agenda.
President Nicolas Maduro created this body as part of the measures taken to overcome the economic situation that has gripped the country, as a consequence of the 70% drop in oil prices –the main national income–; and to build a diversified and sustainable model.
The group, which includes small, medium and large industries and companies of the communal sector, has made progress in solving the needs of the productive sector. In 2016, for example, 47 meetings were held with entrepreneurs and 275 strategic development proposals were approved.
The productive dialogue built among all sector stakeholders bore fruit at the Expo Venezuela Power 2017, held at Poliedro de Caracas on March 23 and 27, and attended by 481 companies, of which 50% come from the private sector, 14% of them are public and 36% are mixed.
In addition, through the coordinated work between the Government and the private sector, agreements have been signed to boost production levels; reduce by 60% procedures necessary for exports; and create sterile areas in ports to speed entry and exit of items.
As a result of the dialogue, it was also possible to modify Exchange Agreement No. 34, which allows exporters to retain and manage up to 80% of their foreign-currency income, as a result of their economic activity, to meet their expenses.
The National Council of Productive Economy is expected to be deployed in all regions of the country in order to materialize local alliances that may contribute to the development of the nation.
Likewise, the Executive urged the national productive sector to work on the Special Economic Growth Plan 2017-2108 with the purpose of transforming the oil rentier model into a local production scheme.

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