The government announced that it will carry out a review of the goods produced locally and those imported, in order to evaluate the option of raising tariffs to "protect domestic production."
The government's proposal is to analyze what goods are produced in the country and which are imported in order to raise taxes on the entry of goods which are in direct competition with local production.Tharsis Lopez said"...'I asked for a study of those products manufactured here, either in free zones or outside of them, to see the levels of tariffs or taxes that have to be introduced on those products. Why?To increase these tariffs'. "
Colombia is replacing the controversial mixed tariff with a threshold of $10 / kg for clothing and between $6 and $10 per pair of shoes, and will temporarily apply the maximum tariffs of 40% and 35%, respectively, and above the threshold, a tariff of 15%.
The Panamanian government has expressed its opposition to the new measures implemented by Colombia.The Minister of Commerce and Industry, Augusto Arosemena said the neighboring country"... can not adopt in parallel through supposed customs controls, measures which violate other obligations on market access and customs valuation, still less substantiate them using arguments that were rejected in two legal cases, as the supposed justification of enforcing laws on money laundering.
An end has been reached to the additional time period requested by Colombia to continue charging the 10% tariff on textiles and footwear coming from the Colon Free Zone, but it is not known whether they will continue to implement the measure.
Not fearing free trade, lowering tariffs and facilitating business development are some of the ingredients the Chilean export model that Central America could follow.
In an interview with Elfinancierocr.com, ProChile's director, Roberto Paiva, explained that one of the main reasons behind the success of his country's foreign trade model is the high degree of trade liberalization.Not only for having reduced tariffs, but also for"... 'having negotiated trade agreements. We have agreements with Europe and much of Asia. We don't yet have Africa.This opening not only lowers tariffs but brings us closer to the market and the business'. "
Flowers, cocoa, white goods, articles of clothing, footwear, plastic and nectars are among the goods included in the agreement.
From a statement issued by the Ministry of Economy of El Salvador:
The governments of El Salvador and Ecuador concluded on Friday September 2 negotiations for a Partial Agreement of Economic Complementation between the two nations, a document was signed for the initiation of legal proceedings for its subsequent entry into force.
Industrialists in Costa Rica are opposed to the appeal lodged by deputies against the presidential decree that prevented the rise of 72% in the price of LP gas and 35% in bunker fuel.
From a statement issued by the Chamber of Industries of Costa Rica:
The Chamber of Industries of Costa Rica said that nullifying the presidential decree on Sector Policy, as several Deputies want to do, will affect employment.Last week, deputy Luis Alberto Vasquez Castro and other lawmakers presented an appeal to the Constitutional Court against the decree by President Luis Guillermo Solis of January, a decree that prevented the ARESEP from changing the methodology of fuel prices.This presidential decree, put an end to the disproportionate increase in the price of Liquefied Petroleum Gas (LPG), 72%, and bunker fuel, 35%, which are key materials for the industrial sector.
Prawns, cheese, honey, vegetables, peanut oil, peanuts, raw sugar and fruits are some of the products that people want to have duty free status under the FTA.
In the framework of bilateral negotiations for free trade between the two countries, Nicaraguan businessmen pointed out that there are several products that are in the list for staged tax relief, such as shrimp, cheese, honey, vegetables, peanut oil, peanuts, sugar raw and fruits, but they are looking for a"better tariff treatment"for others that are pending negotiations.
On January 1, 2017 the new nomenclature comes into force, which extends codes used in the Tariff System to 10 digits.
From a statement issued by the Salvadoran Association of Industrialists (ASI):
The Salvadoran Association of Industrialists (ASI) held on this day a conference with the aim of informing its members about the implementation of the Sixth Amendment to the nomenclature in the System for Tariff Description and Coding (SAC) and the enlargement to ten digits of the codes for goods that are exported and imported.
Import tariffs on flowers will rise from 15% to 30%, those on cement clinkers from 0% to 30%, and import duties of clothing will go from between 10% and 15% to 30%.
The increase in tariffs comes on top of a 7% payment on account of the Tax on the Transferof Goods, Furniture and Services (ITBMS) in the case of cement clinkers and clothing.Seedecreepublished in the official newspaper La Gaceta.(In Spanish)
The proposal is to impose a new tax of up to 40% on companies from countries that discriminate against Panama.
From a statement issued by the Legislature:
A series of economic and trade sanctions will be imposed on countries that discriminate against Panama, ranging from tariff measures, immigration, labor and taxes to restrictions on participation of public contracts.
ATS El Salvador is a Customs Agency with 26 years of providing services for imports, exports, transits, consultancies and international transport.
Operates in El Salvador
Phone: (503) 2235 6522 - (503) 2235 6524