Guatemala abolishes import tariffs on basic foods to help the poor
Guatemalan President Alvaro Colom announced the abolition of import tariffs on basic foods to help the poor.
Monday, June 2, 2008
Colom said the country was opening up its markets in order to benefit those worst hit by constant rises in world food and fuel prices.
Central American trade authorities authorized Guatemala to impose zero tariffs on 10 products as a contingency measure.
Out of a 121 tariff lines modified, 82 were lowered, including cement, tuna, sardine and codfish.
At least six products in the basic food basket have the highest prices in Central America.
Panama has abolished import tariffs on tea, garlic, mustard, spices and seasonings while they remain in force for rice, corn, dairy products and chicken.
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