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Fedecámaras Proposes Puerto El Guamache as Alternative Amid La Guaira Damage

From El Nacional · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • Venezuelan business leaders proposed using Puerto El Guamache as an alternative port following damage to Puerto La Guaira caused by recent earthquakes.
  • The proposal aims to maintain commercial operations and cargo reception while La Guaira undergoes repairs.
  • Utilizing El Guamache could leverage the benefits of the Free Port Law, offering fiscal advantages for commercial activities.

Following structural damage to Puerto La Guaira from earthquakes on June 24, Venezuelan business leaders in Nueva Esparta have proposed activating Puerto El Guamache as an alternative. Gabriel Briceño, president of Fedecámaras Nueva Esparta, suggested that Margarita Island's port infrastructure could sustain commercial operations during the rehabilitation period of the La Guaira terminal.

Briceño highlighted that using the island's port would allow for the utilization of benefits established by the Free Port Law. This regime offers fiscal advantages for specific commercial activities, potentially reducing costs and streamlining logistics. He noted that El Guamache's strategic location and tax benefits make it a suitable alternative.

Fedecámaras Nueva Esparta believes that temporarily using Puerto El Guamache would alleviate pressure on the national distribution chain while repairs are completed at La Guaira, a primary entry point for goods into the country. The recent seismic activity has prompted calls from various productive sectors to ensure the continuity of maritime transport and supply chains.

and a strategic fiscal condition (...) the Free Port Law gives you the conditions to carry out warehousing activities in our region and that they are exempt from tax payments, from VAT, reducing financial costs

— Gabriel BriceñoGabriel Briceño explained that El Guamache possesses characteristics that could favor this logistical alternative, citing its location and the tax advantages associated with the island's special regime, stating, 'Puerto El Guamache has a good geographical condition and a strategic fiscal condition (...) the Free Port Law gives you the conditions to carry out warehousing activities in our region and that they are exempt from tax payments, from VAT, reducing financial costs,' as reported by Unión Radio.
DistantNews Editorial

Originally published by El Nacional in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.