Advertisement
Share

World IN BRIEF : VENEZUELA : Stage Seems Set for Some Price Controls

From Times Staff and Wire Reports

On the fifth anniversary of major riots against price hikes, the government put together a new economic plan that aims to defuse social unrest. President Rafael Caldera suspended a portion of the constitution, which allows free commerce, thus possibly setting the stage for reimposing price controls. Caldera also suspended an unpopular value-added tax at the retail level. That means only importers and wholesalers have to pay the full 10%.


Advertisement