Modifications have been made to the regulations for use and administration of the designation of origin "Guatemalan Rum" in order to meet the requirements of the European Union.
The National Association of Manufacturers of Alcohol and Liquor (Anfal) published the new standard in the Diario de Centro America, after changes were made to the text to adapt it and sell it to the European Union.
High quality and well priced food and spirits are on the list of products for which demand has increased from Indian consumers with higher purchasing power.
From a statement issued by the Costa Rica Foreign Trade Promotion Office (PROCOMER):
The luxury market in India is growing, and it is estimated that by 2017 it will reach a value of $1.8 billion, showing a growth relative to the current level of $1.4 billion, with the categories of fashion, cars and food being the most dynamic. It follows a study by the Associated Chambers of Commerce and Industry of India, Assocham and Yes Bank.
Eighteen brands of beers from Puebla, Mexico, are expected to start selling their products in countries in the region in December.
It is expected that starting from December several brands of craft beers manufactured in Mexico will be sold in Guatemala, Honduras and Panama, as a result of the efforts in trade fairs organized in recent years.
One out of every five bottles of liquor consumed in the country comes from the illegal market, which moves $64 million and is growing by 30% every year.
The easy availability of raw materials and the lack of regulation on the end use of these products, leads to one out of every five bottles of liquor consumed in the country being illegal, absorbing 23.5% of the total spirits market in terms of volume and total sales. The consumption of illegal alcohol is growing at a rate of 30% per year compared to the production of legal alcohol which has only 6.8% growth.
Up to 15% of the market in products such as cigarettes, liquor, drugs and footwear, is supplied with goods whose origins are illegal.
Added to the list of products that have traditionally been traded illegally, such as cigarettes and alcoholic beverages, there is an increasing tendency to smuggle medicines, shoes, clothing, and beauty and personal care products, among other things.
Costa Rica has the largest share of illegal liquor in the market of all the countries in Central America with 22%, while the average in other countries in the region is 8%.
Costa Rica also ranks among the top five countries in Latin America for having the most bootleg liquor in their markets, according to a study prepared by Euromonitor International for the Association of Producers and Importers of Alcoholic Beverages in Costa Rica (Apibaco).
Figures from the Comptroller General of the Republic up until August reveal that local production of alcoholic beverages stood at 176.8 million liters, 2.2 % less than the 180.2 million reported in the same period in 2012. This decrease was driven by the 10.2% decline reported in rum production which went from 5.3 million liters to 4.7 million.