Due to massive packaging imports from Colombia and Peru, Celloprint, a Panamanian plastic package-manufacturing plant, closed operations.
The company had been trying to save its operations for more than two years, struggling to curb imports of the product from Colombia and Peru. In 2007, the Panamanian company resorted to the safeguard mechanism, making the Ministry of Trade and Industry implement a tariff surcharge of 59.9% above the current tariff of 6%.
Beverage Industry Digital Magazine established in 1942, the oldest Spanish trade journal and the only beverage trade magazine serving the Latin American beverage market. It serves soft drink bottlers, brewers, bottled water...