Panama tariff policy spices up debate on inflation

Panama has abolished import tariffs on tea, garlic, mustard, spices and seasonings while they remain in force for rice, corn, dairy products and chicken.

Tuesday, May 27, 2008

Consumer associations complain that the policy will do nothing to curb inflation in prices of basic food staples. But that is not the aim, said former economy minister Frank De Lima. The government wants to protect producers, not consumers, De Lima added.

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Chinese Market Opens for Sugar from El Salvador

December 2014

After the withdrawal of the reservation lodged by El Salvador against China with the World Trade Organization, China has lowered tariffs and opened an import quota for sugar from the Central American country.

China currently consumes about 12 million tons of sugar, representing 15% of total sugar that moves around the world.

Panama – Guatemala FTA Goes Into Effect

May 2009

As of June 22, 2009, 93% of bilateral trade will be tariff-free.

The governments of Panama and Guatemala will put into effect the bilateral protocol between the two countries, the Panama - Central America Free Trade Agreement (FTA), which was signed on February 26, 2008.

Panama Insists Upon the EU Due to Banana Tariff

April 2009

The EU lowered the banana tariff from 250 to 176 Euros per metric ton in 2005, which is still considered discriminatory.

The Minister of Commerce and Industry of Panama, Gisela Alvarez de Porras, made a new appeal to the European Union so that, far from promoting protectionist measures in the exchange of high priority goods for the region, it might promote fair and creative solutions that help resolve, once and for all, the many illegalities that still persist on the current import regime for bananas, which keeps our countries paying fees in excess of 176 Euros per ton.

Nicaragua cuts tariffs in bid to control prices

May 2008

Nicaragua's government reduced or abolished tariffs on imports of several basic consumer products in an effort to keep prices under control.

"We've lowered the tariffs to try to ease the pressure on prices," said Orlando Solórzano, the industry and trade minister.

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