Home > News > World
Sunday August 10, 2014 MYT 7:50:03 AM
Sunday August 10, 2014 MYT 7:51:26 AM
CARACAS (Reuters) - Venezuela will close its border with neighbouring Colombia at night to prevent smuggling of heavily subsidized fuel and food, a top military officer said on Saturday.
The government will shut traffic across the border between 10 p.m. and 5 a.m. starting Monday, and limit movement of cargo vehicles in border municipalities to prevent lucrative cross-border trade.
"With these measures we are increasing the mechanisms to minimize contraband," Gen. Vladimir Padrino said on state television.
Venezuela's heavy subsidies on consumer goods allow smugglers to buy up products ranging from gasoline and diesel to cooking oil and corn flour, then drive the goods across the border to Colombia, where they can be resold for a quick profit.
Padrino said the government as of July had impounded 21,000 tonnes of food that smugglers were attempting to take across the border, more than the total amount impounded in 2013. The government also has impounded 40 million litres (10.6 million gallons) of gasoline over the same period this year.
Filling the tank of a small vehicle costs about 38 cents in Venezuela, one quarter the price of a medium-sized bottle of water.
Critics say the gaping price disparities between the cost of goods in Venezuela and that of neighbouring countries means such measures are unlikely to have a long-term impact on the problem.
(Reporting by Brian Ellsworth; Editing by David Gregorio)
Philippines' Aquino urges legislators to persevere on Muslim peace plan
Greek PM Tsipras pushes on with radical change, markets tumble
Jordan proposes prisoner swap, fate of Japanese IS hostage unclear
Litvinenko post-mortem was world's most dangerous ever, UK inquiry hears
Plenty of great fun and adventure pursuits in Adelaide
Healthy living in the heart of Ampang
Dr Omar Abdul Rahman: From kampung boy to nation builder
Unesco recognition for Leaning Tower still in progress
Alibaba finance arm sets up China consumer credit-scoring system
Copyright © 1995-2015 Star Publications (M) Bhd (Co No 10894-D)