Nicaragua cuts tariffs in bid to control prices

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

Thursday, May 29, 2008

"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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Faced with potential bean shortages, the government has permitted an additional bean variety to be imported.

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