Through a decree issued by the Ministry of Finance between January and August 2017 agencies and distributors will not be able to import vehicles whose model corresponds to 2018.
Decree number 39941-H which the Ministry of Finance issued on October 21 in La Gaceta states that, in order to regulate the assessment procedure for the import of vehicles, between January and August 2017 units can not be imported whose models corresponding to the following year, 2018.
According to Moody's Costa Rica is one of the economies that could be affected significantly if after the presidential elections the U.S. decides to restrict its international trade policy.
From a press release by Moody´s:
New York, September 22, 2016 -- Mexico (A3 negative) and Costa Rica (Ba1 negative) are among the most exposed economies in the Americas, if the US (Aaa stable) were to shift toward a retrenchment from trade and investment ties after the November presidential elections, according to a report by Moody's Investors Service. Canada is less exposed since it does not benefit from the low labor costs that incentivized the offshoring of manufacturing operations.
A new law could impose tax sanctions and restrictions on legal persons originating from countries that have been identified as taking discriminatory actions against Panama.
The Panamanian government has already taken measures against Colombia, increasing tariffs on goods which are mainly importedfrom Colombia, and now it will be sending a bill that allows it to establish stronger retaliatory measures against countries that discriminate against Panama in some way. This comes after the Colombian decision to extend the timeframe for validity of additional tariffs on goods imported from the Colon Free Zone.
The ban on Mexican avocado has led to an increase in imports from Chile, raising its wholesale price by more than 30%, and will cause shortages when locally produced supplies have been exhausted.
Protectionism for the Costa Rican production of avocados introduced by the Solis administration, arguing phytosanitary measures, achieved results that benefited local producers, such as increasing the price of the product and a decline in import volumes (13,061 tons in 2013 vs . 11,187 in 2015). But what is good for the local producer, is bad for consumers who are forced to pay more for the fruit, as well as seeing their right to choose what to consume violated, and eventually being prevented from simply consuming anything at all because there is no supply.
The dairy sector in Nicaragua has denounced the imposition of non-tariff barriers by Honduras, whose health authorities have delayed the renewal of certificates for nicaraguan plants.
It has been estimated that 750,000 liters of milk per month have ceased to be exported to Honduras since November 2015, because the National Agricultural Health Service has not renewed certification of dairy plants in Nicaragua. This was stated to Elnuevodiario.com.ni by Alfredo Lacayo, executive director of Centrolac. Lacayo added that this situation is affecting not only the industrial dairy sector but also farmers.
In Costa Rica the virtually monopolistic Industrial Sugar Cane Agricultural League is supporting a recent decree that protects blocking imports of sugar by forcing sugar fortification to be done it its place of origin.
A statement issued by the Industrial Sugarcane Agricultural League (LAICA) abounds in views on the relevance of sugar fortification -which nobody questions-, and on the supposed benefits that the company brings to the Costa Rican consumers, including " stable prices. "
The importing company Maquila Lama claims that proposal to reform the rules on sugar fortification is an attempt to restrict imports of the grain.
The company Maquila Lama is opposed to the decree which is aiming to amend a regulation on sugar fortification promoted by the Ministry of Health, arguing that besides being discriminatory, it could restrict imports of the product from Brazil and any other country of origin.
Guatemala and Mexico have triggered a mechanism of "commercial concern" over restrictions on the importation of Hass avocado imposed by Costa Rica.
There will be a period of 60 days for Costa Rica to respond to the concerns presented by the delegations from Mexico and Guatemala in the Committee on Sanitary and Phytosanitary Measures at the World Trade Organization. If it is not resolved in the first instance, an arbitration panel will be established.
US phytosanitary authorities have warned of an increase in the presence of pests in pineapple and chayote containers entering the country and may decide to limit their entry.
Any restriction on the import of pineapples and grapefruits could have significant effects on the agricultural export sector of Costa Rica, as the US currently buys half of its pineapple export production, whereas in the case of chayote, dependence is greater, and the North American country is the destination for almost all exports of this vegetable.
The phytosanitary restriction imposed by the EU on fruit from India is generating shortages in a region where the UK is the largest consumer.
A statement from the Foreign Trade Promotion Office:
Phytosanitary restrictions imposed by the EU which are preventing the entry of mangos from India, which came into effect in May and will be in effect until at least December 2015, will force distributors and retailers to seek alternative sources for the product.
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