Panamanian government seek fix to EU tariff situation
The Ministry of Trade and Industry (Mici) continues to work on trying to find a solution to the EU's decision to exclude Panama from the preferential tariffs.
Monday, December 15, 2008
The president of the Panama Exporters Association (Apex), Maximo Gallardo, confirmed that he took part in two meetings with the Mici on Thursday and Friday past, and that this week they will present the proposal to the Assembly to create a bond that will cover the additional costs for exports to the European Union.
Exporters requested an explanation from the Government for the negligence that will probably exclude the country from the preferential tariffs system.
Panamanian businessmen accuse the Government of not accepting their mistake and fear that the conflict will affect other issues on the European agenda.
Negligence on the part of Panamanian authorities that led to the loss of preferential tariffs granted by the EU will be covered with public funds.
El Salvador can count on the General Preference System (SGP Plus), which allows it to export certain products to the European market tariff-free.
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