Guatemala Reviews Textile Incentives

The review aims at identifying companies taking advantage of exemptions without developing its work within that framework.

Thursday, March 3, 2011

President Alvaro Colom said reforms under study would not affect businesses complying with regulations, but "... only those taking inadequate advantage of the exemption ...".

"Laws such as free zones and promotion and development of the textile export industry are the ones governing these business activities,” reported

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Textiles: More Lobbying After Loss of Benefits in the US

September 2015

Efforts are growing to minimize the impact of the possible signing of the Trans-Pacific Partnership Agreement, and a tariff reduction program with long deadlines for sensitive products has been proposed.

As negotiations proceed to sign the Trans-Pacific Partnership Agreement (TPP), the textile industry in El Salvador is stepping up its efforts to maintain the conditions of the CAFTA treaty and minimize the impact that the TPP will have on the sector in the long term. One of the main risks is that "... Vietnam could introduce products from China and then export them tariff-free to the United States, which would give them a huge competitive advantage. "

El Salvador: Plans for Further Fiscal Stimulus to Tourism

April 2013

The Ministry of Tourism is discussing with private companies and a group of consultants draft amendments to the existing Law on Tourism.

According to Jose Napoleon Duarte, chief of tourism, what they are looking for is a legal framework consistent with the current reality of tourism, integrating unions, tour operators, transportation companies, universities, and other stakeholders.

Tax Reform Will Not Affect Free Zone Incentives

July 2012

Representatives of the Government of Nicaragua have made assurances that the tax reform will not affect the incentives announced in the FTZs.

The presidential delegate for the Promotion of Investment and Trade Facilitation, Alvaro Baltodano said, "What's in free zones, stays as it is, it will not change."

Panamanian Textile Manufacturers Request Incentives

August 2010

Panama's textile industry association has asked the government to provide tax incentives in order to maintain production levels.

Augusto Corro, president of the association, indicated that the sector is experiencing severe economic problems that put its survival at risk: "We don't want the sector to disappear so we are asking for exemption from taxes on machinery and inputs".

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