Venezuela gov't moves to help ailing local industry

Newswire

By Pascal Fletcher CARACAS, Venezuela, July 29 (Reuters) - Venezuela's government passed a decree Monday aimed at reducing imports by government agencies and channeling more state purchases to local companies in a bid to revitalize the country's recession-hit manufacturing sector. Trade and Production Minister Ramon Rosales said the decree approved by President Hugo Chavez's cabinet would seek to give preference to local industries in filling state contracts. More than three months ...

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