Costa Rica: Rejection to Sugar Prices Hike

The Chamber of Food Industry rejected the announcement of the Agro-Industrial Sugar Cane League to increase domestic price of sugar.

Thursday, October 14, 2010

A recent announcement by the Agro-Industrial Sugar Cane League with regards to intentions of increasing domestic price of sugar, prompted the Costa Rican Food Industry (CACIA) to react immediately, believing that it is wrong and inappropriate to change the local price only when international price rises, problem caused by protective tariffs granted by the Government.

For this reason, food companies requested members of the legislature to paralyze and immediately reject approval of trade agreements already negotiated with China, Singapore and Europe, since this distortion reduces competitiveness required to exploit this type of agreement, while the processed food market has opened itself to global competition.

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