Central America ponders unified agricultural tariffs

To deal with the steep rise in the price of basic grains, the governments of Central America are analyzing the possibility of unifying tariffs on agricultural imports.

Friday, July 4, 2008

The request for tariff unification came from the Government of Guatemala. It was placed before the Council of Ministers for Economic Integration, to reduce to zero the tax on several products in the basic consumer basket.
The goal is to stimulate productin and obtain a higher volume of basic grains to lower prices.

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Central American trade authorities authorized Guatemala to impose zero tariffs on 10 products as a contingency measure.

The Council of Ministers for Central American Integration (Comieco) said the measure would reduce the impact of high food prices. Comieco did not say what products were involved.

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