Government of Guatemala considers lifting import duties

According to Romulo Caballeros, Minister of the Economy, the price of imported goods is one of the topics that concerns the Government.

Friday, August 29, 2008

The official said besides offering products which enter the country with zero duty, they will also take up the task of checking the prices which, he reaffirmed, should stabilize or go down.

If there are no changes, the minister said that they will expand the zero duty to cover imports of chicken, yellow corn, milk, rice and flour.

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More on this topic

Guatemala Extends Deadline For Duty Free Flour Imports

August 2011

The Ministry of Finance has extended the deadline for the imports of duty free wheat flour until Dec 31.

The closing date had previously been set for the end of July.

"Luis Velasquez, Finance Minister, said the quota is for 25,000 metric tons (MT) of wheat flour. He added that so far 9,923 MT have been delivered and 15,76 MT are available to the public.

Guatemala to Eliminate Tariff on Wheat Flour

January 2011

The Ministry of Economy proposed the elimination of the 5% tariff on imports of wheat flour.

The finance minister, Erick Coyoy, said the measure seeks to alleviate the increased price in commodities on the international market.

"The proposal must be submitted and endorsed by the Council of Ministers of Economy of Central America (Comieco)," stated the article

Panama: Project Exonerates Devices that Save Energy

February 2009

Tariff-free project for energy efficient products being discussed in the Cabinet.

Prensa publishes in its website: "If the project that implements the elimination of tariffs for energy efficient products is approved by the Cabinet, just as it is, air conditioners "with indices of energy efficiency higher than or equal to 10.00," for example, would pay zero tariffs. The others would continue paying 10%."

Nicaragua: Number of products with reduced tariffs increased

September 2008

More basic products were added to the list of good for which the import tariff is eliminated so as to try to slow down a little the rate of inflation.

The new ministerial agreement includes sardines, vegetable wax (from palm oil), prepared or dehydrated soups. It also includes toothbrushes, deodorants and flashlights.

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