Distortions in Nicaraguan Livestock Exports

Industrialists have denounced sub invoicing in the sale of live cattle in Guatemala, as a fraudulent method of getting subsidies.

Tuesday, March 26, 2013

From an interview in Elnuevodiario.com by Leslie Nicholas Lacayo with Alfredo Marín, vice president of the Chamber of Industries of Nicaragua, who explains the causes of the decline in exports to Venezuela, a major beef market:

"... There has been a decrease in the first months of this year (2013) in beef exports to Venezuela, due mainly to two factors: firstly, it is due to the continuous increase of exports to Guatemala as a result of a tax subsidy that the Center for Exports (Cetrex) allows and promotes in its policy of accepting cattle invoices to a value of one-third of its real value.

"They're coming out with a price of $250 and live exports to other countries, Venezuela, Honduras and Costa Rica, are priced between $750 and $850. Because of this, some are paying more taxes than others, let alone when compared with the prices of processed meat with added value. And the other factor is that the price in Venezuela has remained unchanged for four years and has lost some of its competitiveness with other markets. "

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