New Market Study Published: Venezuela Shipping Report Q3 2013
BMI has revised up its forecasts for Venezuela shipping on the back of an upsurge in the country's imports. The overvaluation of the Venezuelan currency has led to a surge in imports, and therefore activity at ports, as it has become cheaper to import goods than to buy domestically produced products. While our Country Risk team believes that a devaluation of the bolivar is a question of when rather than if (and we envisage this will take place in early...
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