Notice of Import Tariff Consultation Causes Controversy

The Costa Rican agricultural sector has reacted negatively to news of the consultation announced by the Costa Rican Trade Ministry.

Thursday, July 29, 2010

Last Monday the ministry (Comex) gave notice to the agricultural sector of a consultation to review and eventually reduce import tariffs for some commodities. This received a strong reaction from the Costa Rican chamber of agriculture (CNAA).

"This group of producers has responded in a letter calling the process 'hasty' and saying it is a reaction to a petition from the Costa Rican food industry chamber (Cacia) rather than to any Central American intergation agreements, as the government suggests," reports Nacion.com.



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Global Food Prices - March 2017

April 2017

Except meat, in March rates went down for all other commodities in the FAO food index, especially sugar and vegetable oils.

From a statement issued by the World Food Organization:

The FAO Food Price Index* (FFPI) averaged nearly 171 points in March 2017, down almost 5 points (2.8 percent) from February, but still 20 points (13.4 percent) above its level a year earlier.

Global Food Prices up to November 2016

December 2016

The decline in the FAO food price index in November was due to a sharp fall in sugar prices, which more than offset a sharp spike in prices of vegetable oils.

From a statement issued by the United Nations Food and Agriculture Organization:

Guatemala: Raw Material Imports Up 23%

November 2011

In the first 8 months of 2011 foreign purchase of raw materials amounted to $3,948 million.

Imports of raw materials for industry and agriculture have reported growth for a second year, according to the Bank of Guatemala (Banguat).

“Ramón Parellada, an analyst at the Center for Economic and Social Studies (CEES) believes that, at that time, the amount of imports was low because prices had fallen.

Costa Rica Eliminates Tariffs on Raw Materials

December 2010

The benefit will affect 32 items of raw materials used mainly in the food industry.

The elimination of the tariffs, which range between 10% and 15%, was done through an executive decree and it is was made possible after several agreements with other Central American countries which promoting progress toward trade integration." writes Nacion.com.

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