Panama: Project Exonerates Devices that Save Energy
Tariff-free project for energy efficient products being discussed in the Cabinet.
Monday, February 23, 2009
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%."
According to Romulo Caballeros, Minister of the Economy, the price of imported goods is one of the topics that concerns the Government.
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.
A group of Democratic senators proposed a law to eliminate tariffs on textile products from 14 Asian countries.
Out of a 121 tariff lines modified, 82 were lowered, including cement, tuna, sardine and codfish.
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