Controversy Over Steel Rod Import Tariff ContinuesIn Costa Rica, importing companies are against the ArcelorMittal proposal, which consists of raising the steel rod income tax from 1% to 15%.Tuesday, November 6, 2018
On November 5th, a public audience was held in which importing companies and ArcelorMittal presented their arguments before the Ministry of Economy, Industry and Commerce (MEIC) regarding the proposal to raise the import tariff on steel rod by 14%. Source: Nacion.com ¿Busca soluciones de inteligencia comercial para su empresa?Are you interested in construction projects in Central America? Receive information about our monthly report including a complete list of all the major and most important construction projects seeking government authorization. Request more information: Need assistance? Contact us
(506) 4001-6423
Protectionism vs. Free MarketDecember 2018 In Costa Rica, the government's decision to reject ArcelorMittal's request to raise the import tax on steel rods generated such a conflict that the company assured that "it has no incentive to keep its production in the country." Controversy Over Steel Rod Import TariffMay 2018 ArcelorMittal has requested the restoration of a 15% import duty on steel rods, arguing that "the vast majority of these imports enter the country without paying taxes, taking advantage of a legal loophole". No to Taxing Imports of Steel RodsMay 2018 In Costa Rica, the builders union has opposed the suggestion by Arcelor Mittal to establish a safeguard measure and charge a 15% import duty on rods. ArcelorMittal Announces Investment in Costa RicaMay 2014 Bekaert and ArcelorMittal will be investing $20 million in a new plant for steel fibers to produce 20 thousand tons a year.
×
ok |
|