Venezuelan migrants wait at Binational Border Service Centre of Peru, on the border with Ecuador, in Tumbes, Peru on 24 August 2018. Photo: ReutersEcuador opened a “humanitarian corridor” on Friday and lifted its own entry restrictions on the masses of migrants escaping Venezuela’s free-falling economy and streaming towards the Peruvian border, hours before Lima tightens its border controls.Ecuadoran interior minister Mauro Toscanini said there were currently 35 busloads of migrants on the move along the route authorities had opened to Peru.“We are going to continue as long as we can,” said the minister, whose country is being crossed by tens of thousands of Venezuelans seeking to join relatives and take up work opportunities in Peru, Chile and beyond.Peru is one of the region’s fastest growing economies, projecting 4.7 per cent growth next year.Venezuelans trying to cross the Peruvian border after a midnight deadline will be required to produce a passport; until then, an identity card will suffice.However, they will no longer need to produce a passport to enter Ecuador from Colombia.Ecuador-where close to half a million people have fled this year alone-moved to ease the migrant crisis by lifting its week-long requirement for Venezuelans to produce a passport, which prompted Peru to announce its own identical measure.Peru’s new passport rules threaten to leave tens of thousands of Venezuelans stranded in Ecuador and Colombia, who are already inundated with migrants from the crisis-wracked country.UN Secretary-General Antonio Guterres will set up a special UN team to ensure a coordinated regional response to the crisis, his spokesman Stephane Dujarric said on Friday.- On the road -Venezuelans are rushing out of the country to join those who have already fled a deepening economic crisis, as regional governments struggle to cope with one of the biggest exoduses in Latin American history.Of the 2.3 million Venezuelans living abroad, more than 1.6 million have fled the country since 2015, when the oil-rich nation was plunged into a serious economic and political crisis, with acute shortages of food, medicine and other basic necessities, while public services have been failing.The pace of departures has accelerated in recent days, sparking a warning from the United Nations.“It remains critical that any new measures continue to allow those in need of international protection to access safety and seek asylum,” UN High Commissioner for Refugees Filippo Grandi said on Thursday in a statement.The UN said up to 4,000 people were arriving daily in Ecuador, Peru, Colombia and Brazil, where migrants have been violently turned back by locals concerned by increasing crime.Ecuador will host a 13-nation regional summit next month to discuss the crisis.Argentina, Brazil, Colombia, Costa Rica, Chile, Mexico, Peru, Paraguay, Panama, the Dominican Republic, Uruguay and Venezuela have been invited to the September 17-18 meeting in Quito, officials said.- Lines at Peruvian border -In Tumbes, on the Peruvian side of the border with Ecuador, lines of people waited to have their papers checked, sweating in the tropical heat.Only around half of the Venezuelans fleeing their homes and the economic chaos there are carrying passports, according to Colombia’s migration director, Christian Kruger. The other half have identity cards.Like Colombia, Peru has been struggling to cope. Earlier this month, a record 5,100 people entered the country in a single day.Peru’s migration superintendent, Eduardo Sevilla, said on Thursday that “there are already 400,000” Venezuelans in the country and if they continue arriving at the same rate, there will be “half a million by the beginning of November.”Many queuing at the border in Peru left Venezuela on foot weeks ago. They’ve already travelled 2,000 kilometres (1,240 miles), but those who get through face another 1,200-kilometer journey to the Peruvian capital Lima.Local churches have been handing out food to the weary and hungry migrants as they wait.Meanwhile, Peru has called for calm, saying the number of Venezuelans affected by the new policy will be relatively minor.“No one’s talking about the closing of borders,” said interior minister Mauro Medina.He said Peru is improving its “migration control for reasons of order and security,” adding that “80 per cent of Venezuelans who come into the country do so with a passport.”In Colombia, Kruger criticised the measures announced by Bogota’s two southern neighbours, admitting he was “worried about the consequences.”“Asking for a passport isn’t going to stop migration, because they’re leaving their country not out of choice but out of necessity,” he said.- ‘Multilateral action’ -Venezuela is in a fourth straight year of recession, with double-digit declines in its gross domestic product.The inflation rate is expected to reach a mind-boggling one million per cent this year, according to the International Monetary Fund.Industry is operating at only 30 per cent, hit hard by the crash in oil prices since 2014 in a country that earns 96 per cent of its revenue from crude.In efforts to boost the economy, president Nicolas Maduro and his government have implemented measures including a redenomination of the bolivar, a loosening of foreign capital rules and a massive increase in the minimum wage.But critics and analysts say those moves will likely be counterproductive.
Contracting for the 10th month in a row, India’s merchandise exports dipped 24.33 per cent in September to $21.84 billion, mainly due to steep fall in shipments of petroleum products, iron ore, and engineering goods amid tepid global demand.The imports too shrank 25.42 per cent to $32.32 billion in September on