El Salvador Removes Import Tariff on Flour
Friday, November 5, 2010
The Finance Minister, Hector Dada Hirezi, stated, "no additional requirements for the import of flour will be required, any individual or company can import, simply by complying with custom formalities normally required for such operations," published Lapagina.com.sv.
The Ministry of Economy proposed the elimination of the 5% tariff on imports of wheat flour.
In order to mitigate the impact of rising raw material prices on bakeries, the government of El Salvador is investigating eliminating the import tax.
According to Romulo Caballeros, Minister of the Economy, the price of imported goods is one of the topics that concerns the Government.
The Ministry of Finance has extended the deadline for the imports of duty free wheat flour until Dec 31.
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