Aragua business leaders seek to revive local trade through technical committees post-earthquake

Business representatives in Venezuela's Aragua state are actively working to revitalize local commerce following devastating earthquakes on June 24. The Chamber of Commerce and Industries of Aragua (CCIEA) has joined technical and financing committees aimed at accelerating the operational recovery of businesses impacted by the tremors.

Edgardo Lali, a CCIEA representative, explained that these working groups are addressing critical areas such as healthcare infrastructure, building plans, and resource oversight. In a significant move to support struggling enterprises, the CCIEA has also partnered with the Bar Association to provide pro bono legal counsel to businesses affected by the disaster.

The business sector's primary demands include access to bank loans with reduced interest rates and extended repayment terms. They are also calling for the stabilization of the electrical power supply in commercial zones that were hit hard by the earthquakes. Furthermore, businesses require legal guidance for processing insurance claims and navigating restructuring procedures.

While the industrial guild's headquarters is serving as a hub for receiving and distributing supplies to affected companies, the full extent of the economic losses is still being assessed. Compounding the recovery efforts, disruptions to the electrical grid since the natural disaster continue to hinder daily reopening operations and the stabilization of sales within the state.

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The granting of bank loans with reduced interest rates and extended terms. The stabilization of the electrical fluid in the affected commercial areas. The provision of legal guidance for the claim of insurance and restructuring procedures.