El Salvador to Imported Beans Without Tariffs in 2011

The National Assembly authorized the government to import 1.2 million quintals of beans in 2011.

Friday, January 14, 2011

The decision is intended to mitigate a possible rise in prices of basic grains and other products, considering production was lower than expected due to excessive rains in 2010.

“The measure is ad hoc and temporary and relied on a provision by the World Trade Organization (WTO), which allows temporary deductions of this type of product in order to favor supply," explains Laprensagrafica.com.



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El Salvador to Import Basic Grains Duty Free

November 2011

A decree authorized the duty-free import of basic grains, maize and beans, to ensure supply for the population.

By means of Decree 907, the MAG has been empowered to buy and sell seed and grain, bean and maize and materials for their production, in order to guarantee the price of the product and transfer it at a reasonable cost to the public.

Chinese Bean to Arrive El Salvador in March

February 2011

90 thousand quintals of Chinese beans will enter the country in March and will be distributed two weeks later.

The announcement was made by the head of the Ministry of Agriculture, Guillermo López Suárez.

"It is hoped that the marketing of the beans will allow the price to reach $ 0.75, as the government will subsidize part of the price," stated the article in Laprensagrafica.com.

Costa Rica Will Reduce Tariffs On Beans

September 2010

The Costa Rican Government is working in a special regulation to reduce in 30% the tariff to red imported bean.

Central American Bean production has been affected by strong rains (Nicaragua, for example, is reporting 40% of its production lost). The tariff reduction will be in effect until next December, and will facilitate to import the product from outside Central America.

Nicaragua Authorizes Duty-free Bean Imports

September 2010

The country is to temporarily allow tax-free imports of beans until November in order to ensure supply.

Orlando Solórzano, Minister for Development, Industry and Commerce (MIFIC), commented that no percentage tax will be applied to bean imports.

The MIFIC minister added that the decree establishes that "imports of beans are free for any person, state institution or private company in order to ensure Nicaragua's supplies," reports Elsalvador.com.

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