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Why Petro asked Maduro to reconsider the privatization of Monómeros

Why Petro asked Maduro to reconsider the privatization of Monómeros

President Gustavo Petro sent a letter to his counterpart Nicolás Maduro in which he expresses his opposition to the privatization of Monomeros. The Colombian president’s statements come after the Minister of Industry and National Production of Venezuela, Alex Saab, announced the possible sale of the fertilizer production company.

(Read more: Petro will not go to COP29: he suspended his trip to Azerbaijan due to ‘climate collapse’)

“In a respectful and attentive manner, I want to express my opposition to the decision of the Minister of Industry and National Production of Venezuela, Alex Nain Saab Morán, to sell and privatize the Monómeros company,” declared the head of state in the letter.

President Petro highlighted in the document that the company, based in Barranquilla, has benefited Colombian and Venezuelan peasants for more than five decades. through production and saleat a fair price, of agricultural inputs.

“Currently, the commercialization of urea from Monómeros guarantees millions of Venezuelan and Colombian families the productivity of their lands and ensures they have sufficient income to lead a dignified life”he added.

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In this context, he also insisted that the sale and privatization process of Monomeros could imply the increase in the price of some products in both countriesin addition to the fact that it would lead to farmers having to depend on foreign products and the price of agricultural inputs on the international market.

The president also pointed out that the decision to sell “it could condemn millions of people who represent the basis of food sovereignty in our region to poverty and hunger”which is why he invited President Maduro to “reconsider the privatization of the company that has provided and can continue to support millions of families in our countries.”

(Read more: Risks of the 2025 budget are not resolved and continue to threaten investment)

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