TOBACCO SECTOR
July 1st, 2013
Venezuela's tobacco growers and manufacturers are looking to newly elected president Nicolás Maduro to offer them an olive branch after his predecessor Hugo Chávez levied costly taxes and imposed punishing legislation on the industry."We're hoping for change," said Enrique Moreno, President of the Venezuelan Tobacco Growers Association (AVENCULTA)."We don't understand why the government has acted so unfavorably to such a productive industry that generates the country so much employment and revenue."Cigarette companies complain about doing business in Venezuela. ...
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