Businessmen have complained to the Executive office about the slowness and inefficiency of customs inspections of the country, where containers are retained for up to 15 days.
The truckers blockade which paralyzed customs offices in Jutiapa for a week, has made entrepreneurs question the efficiency of border posts in the country because of the time invested in land transport. They claim the process is slow and makes products more expensive as well as harming the competitiveness of the country.
The Peruvian exporters union has estimated at $985 million the untapped trade potential between the two countries , mainly in the chemical, agricultural and agro-industrial subsectors.
Most of the unexploited trade opportunities identified by the Exporters Association of Peru are to be found in the chemical subsector, which include "... perfumes and colognes, tires, insecticides or sodium hydroxide, among others, with a potential value of $293 million. "
The Constitutional Court has ruled as unfounded the suits on unconstitutionality filed by cement companies and left in place a tax of $0.65 on the distribution of each sack of cement.
The Constitutional Court decided to maintain the tax of $0.65 per sack of cement as indicated by the reform approved for the Law of Specific Tax on the Distribution of Cement under the fiscal year 2015 of the National Budget.
The Chamber of Commerce of Guatemala and the Agency for Promotion of Exports and Investments of El Salvador (Proesa) have organized this business fair in order to support companies in their drive for internationalization.
In Guatemala the large number of amendments to the bill and the rejection by most of the productive sector suggests that it needs to be disposed of and a new one proposed.
The debate that has been generated around the initiative for investment and employment in Guatemala is added to the strong criticism from the private sector, hampering the adoption of the bill in Congress.
Citing unconstitutionality power has been taken away from the tax authorities to determine the basis for calculating tax owed in respect of Value Added Tax.
A paragraph in Article 7 of the Law on Value Added Tax (VAT) which was declared unconstitutional provided: "In the case that a taxpayer, within three months, reports in their declaration of turnover sales rates that are lower than at cost or production of goods, the tax authorities may determine the basis for calculating the tax owed, taking into consideration the sale price of the same product in other transactions of the same taxpayer within the same time ... unless the taxpayer can justify and demonstrate the reasons why this situation occurred and present banking and financial information proving their real income. "
The competitiveness of the economies of the isthmus is being impaired by the inefficiency of the bureaucracy in the management of customs offices in the region.
The bureaucracy at customs offices has become a serious problem for the Central American region. Among other things it generates increases in the costs of exporting because of the procedures that must be paid for, loss of perishable goods and delays in production in processes that have to wait for raw materials.
We help companies, specially those with little or no specialized staff in external trade to increase and improve their internationalization activities. We also deal specifically all logistic aspects.
Operates in Panama, Nicaragua, Guatemala and El Salvador
Phone: (34) 985 131 703
Key representative/s from the Guatemalan Exporters’ Association last 13-15 October attended the 8th TPO Network World Conference to exchange ideas and best practice around stimulating export-led economic growth and meeting the urgent challenges in the sector.
Caribbean-Central American Action (CCAA) is a private, independent organization that promotes private sector-led economic development in the Caribbean Basin and throughout the Hemisphere.
Operates in Panama, Nicaragua, Honduras, Guatemala, El Salvador, Costa Rica and Caribbean Community
Phone: (202) 331-9467