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That is true more than ever after President Nicolas Maduro announced this month higher corporate taxes and a 60-fold minimum wage increase, advisors say. On Monday, workers protested at the Venezuelan unit of tire-maker Pirelli after they arrived to find the factory gates locked. It was not immediately clear if the plant was temporarily shut or closing for good. “Transnational companies are not putting new money into Venezuela. And if they stay, it is because they found a financial balance to sustain themselves,” said Luis Vicente Leon a well-known pollster, economist and business adviser.

“But if this balance is severely disrupted, you will most likely see more companies leaving this market.”, Some multinationals have stopped selling some of their best-known products due to currency controls that left them struggling to import raw materials and a ban on price hikes despite inflation projected to reach 1,000,000 percent this year, Ford Motos Co’s (F.N) plant, already operating at severely reduced capacity, scaled back in July to a single model, one of batman black cufflinks and tie bar gift set its sport utility vehicles, said union leader Eliecer Cohen..

Ford said in a statement it had no plans to leave Venezuela, but acknowledged that it had “faced a significant decrease in demand” in recent months. General Motors Co (GM.N) left Venezuela last year after a protracted court case with two former auto dealers who ended taking control of the plant as part of a concession dispute. Consumer goods giant Johnson & Johnson (JNJ.N) has for more than a year only produced a feminine hygiene product called panty liners after halting its production of sanitary napkins and Q-tips, according to a union representative who asked not be identified.

Johnson & Johnson did not respond to a request for comment, Companies have provided less advance notice about plans to shut down Venezuela operations, in part to minimize potential government blowback, according to business leaders and consultants interviewed by Reuters, When Clorox batman black cufflinks and tie bar gift set Co (CLX.N) and Kimberly Clark Corp (KMB.N) closed their operations, top management had already left the country, according to union leaders, Kimberly Clark said its operations had suffered from high inflation and difficulty in obtaining raw materials due to currency controls..

Kellogg still had three weeks worth of raw material on hand when it closed operations in May, according to a employee who asked not to be identified. Employees and managers alike were taken by surprised when they arrived at the factory gates to find them padlocked. The company said at the time that it discontinued operations due to “economic and social deterioration.”. The plant was taken over by the government. State television days later broadcast images of production being restarted by the governor of the state of Aragua.

Such state administrators often fall behind on paying suppliers, according to business advisors, which is bad news for providers like packaging and cereal box maker Smurfit Kappa Group Plc (SKG.I), Government officials last week occupied Smurfit Kappa’s unit on the grounds it was not following labor legislation, was refusing to sell to state-run companies and was charging too much for its products, Venezuelan batman black cufflinks and tie bar gift set military intelligence arrested two of the company’s executives, according to state price control agency Sundde..

WASHINGTON (Reuters) - Top NAFTA negotiators from Canada and the United States wrapped up a third day of two-way talks on Thursday, agreeing to meet the next day to resolve final differences before a deadline, with Mexican counterparts on standby to rejoin negotiations. Despite some contentious issues still on the table, the increasingly positive tone contrasted with U.S. President Donald Trump’s harsh criticism of Canada in recent weeks, raising hopes the year-long talks to revamp the North American Free Trade Agreement (NAFTA) will conclude soon with a trilateral deal.

“Canada’s going to make a deal at some point, It may be by Friday or it may be within a period of time,” U.S, President Donald Trump told Bloomberg Television, “I think we’re close to a deal.”, Negotiations entered a crucial phase this week after the United States and Mexico announced a two-way batman black cufflinks and tie bar gift set deal on Monday, setting auto content rules and paving the way for Canada to rejoin talks to modernize the 1994 accord that underpins annual trade of more than $1 trillion..

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