Increase in Taxes on Imported Cigars to the US

The increase could impact the tobacco industry in Estelí, Nicaragua, which generates about 25 thousand direct and indirect jobs.

Wednesday, April 1, 2009

Beginning today, the federal tax on cigars entering the United States is 40 cents.

The secretary of the Estelí Tobacco Association, Leonel Raudez, told La Prensa: "Cigar exports to the US increased by 7% since last year. It is a market where 90% of Nicaragua's production line goes and one of the most important markets within the national exportable supply. The increase in cigar taxes could be felt by mid-year, he warned the industry."

Since the middle of last year, Nicaraguan cigar manufacturers were making efforts through the Tobacco Association to prevent the adoption of the tax that was initially set at $10 per cigar, knowing beforehand the impact it would have on cigar production and export.



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The goal proposed by producers for 2014 is to sell to the rest of the world 150 million cigars, replacing the Dominican Republic as the number one global exporter.

The secretary of the Association of Nicaraguan Cigar makers, Leonel Raudez, said exports have grown rapidly, from 16 million in 1996 to 102 million in 2011. This figure means that the country displaces Honduras as the largest exporter in the region.

The Cigar Industry in Nicaragua

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This economic activity generated $95 million in 2012 and has shown sustained growth in recent years.

In 2011, sales of Nicaraguan cigars -102 million units, totaled $95 million. The U.S. is the main market, where 95% of production goes.

In Nicaragua there are 25 cigar factories that create 15,000 direct jobs and 22,000 indirect jobs, mostly in the northern region, mainly in Esteli, said the secretary of the Nicaraguan Cigar Association, Leonel Raúdez to Laprensa.com.ni.

Nicaragua Hosts Tobacco Festival

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Three Tobacco Companies Close in Honduras

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The closing of Raíces Cubanas and Tabacaleras Unidas tobacco companies, among others, in the communities of Danlí y Paraíso, has left 3,500 unemployed.

Miguel Angel Berrios, president of the Chamber of Commerce and Industry of Danlí said that the economic impact caused by the closing of these factories is still unknown.

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