Venezuela seals Colombian border to fight smuggling
Venezuela closed its border with Colombia Monday night to fight the smuggling of cut-rate gasoline and other products that has caused huge losses for the government and exacerbated severe shortages. Oil-rich Venezuela has the world’s cheapest gas, as well as price controls that keep goods like rice and toilet paper up to 10 times cheaper than in Colombia. But Venezuela has also been hit by crippling shortages of basic supplies and rampant inflation, even as the outward flood of local products has become a defining feature of the regional economy. To combat the problem, the Venezuelan government has deployed 17,000 troops to seal the 2,200-kilometer (1,400-mile) border off every night from 10:00 pm to 5:00 am.
http://www.jamaicaobserver.com/news/Venezuela-seals-Colombian-border-to-fight-smuggling
Related Posts
Curbing the Menace of Illicit Trade and Tobacco Smuggling
Abimbola Akosile examines the tobacco industry in Nigeria, with focus on illicit...
Life has come to standstill in India’s counterfeit capital
KOLKATA: While people in the rest of the country are queuing up outside banks for...
The Right Chemistry: A distaste for plastic cheese and fake mayo
On a recent trip to the United States, I perused a menu and decided on a cheese...
Gold seizures double, raise fears of rise in smuggling.
Gold smuggling seems to be on the rise as seizures by the Customs Department has...