Countries / Territories

Venezuela (Bolivarian Republic of)

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Country Brief

One of the world’s leading exporters of oil, Venezuela petrol represents a significant percentage of the country’s revenues. The reduction poverty and inequality, remains as Venezuela’s main development challenges. The key trade issues for the country include reduce high inflation, to increase productivity and competitiveness and to diversify its export base and reduce dependence on oil exports. The Government is focusing on improving social justice, equity, and solidarity, promote internal productive investments and consolidate the high reach of education and health. In this context ITC continues to coordinate its work in the country through the existing leading Trade Support Institutions and aims to work in improving the competitiveness of exporting SMEs.