Approval has been given to exemption of import tax for a first contingent of egg cartons.
With this duty free import a solution is underway to the problem of local shortages caused by a fire in the only factory producing such packaging in the country.Panamaamerica.com.pa reports that "...Moldeados Panameños, S.A. estimated they will be able to restore operations in about 10 months. "
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.
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.
Central American coffee will incur 0% tariff in 10 years, while bananas, vegetables and baby vegetables will be shielded from the entry into force of the agreement.
In the fifth round of negotiations which will be held in Seoul from August 8 to 12 it is expected that progress will be made on the definitions for the treatment of 9% of the universe of products that have not yet been analyzed. These products are sugar, beef and pork, plastic and metal.
Asparagus, mandarin oranges, artichokes, grapes, pineapples, mangoes, avocado, quinoa, coffee, Giant Cusco corn, purple corn and limes, will enter Honduras duty-free with immediate effect or within a maximum period of 5 years.
The governments now have to define the date of entry into force of the agreement.In 2015 the South American country exported goods to Honduras worth $40 million.
On August 1 the trade agreement between Colombia and Costa Rica come into effect. The agreement states that 75% of industrial goods will become duty-free immediately, and the other products within 5 to 15 years.
Discussion forums, advertising and meetings with businesses are part of the efforts that the Business Council of the Pacific Alliance intends to do in Costa Rica.
Arguing that lack of information about the benefits of an eventual accession to the trade bloc is the main reason behind the opposition of some companies, members of the Business Council of the Pacific Alliance (CEAP) announced a plan to promote more, and in a better way, the consequences of joining the Alliance.
Under the terms of the Partial Scope Trade Agreement bovine and porcine meat from Panama will enter the Caribbean country duty-free.
Panamaamerica.com.pa reports that "...Panama received 51 additional lines in its favor which include dairy products such as cheese, a variety of fresh and frozen seafood, juices made from non-tropical fruits, flowers and foliage, fruit and vegetables, tropical fruits, flour, fat and fish oil, sausages, butter, fats, cocoa oil and salt. "
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