Guatemala abolishes import tariffs on basic foods to help the poor

Guatemalan President Alvaro Colom announced the abolition of import tariffs on basic foods to help the poor.

Monday, June 2, 2008

Colom said the country was opening up its markets in order to benefit those worst hit by constant rises in world food and fuel prices.
The new measures abolish US$3.38 million of tariffs on powered milk, eggs, flour, vegetable, oil, chicken rice and fertilizer.

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Panama Lowers Tariffs on Imported Products

July 2009

Out of a 121 tariff lines modified, 82 were lowered, including cement, tuna, sardine and codfish.

The Cabinet of Ministers of Panama issued a decree authorizing the reductions, with the objective of guaranteeing supply of basic goods basket products.

In addition to the reduction of 82 tariff lines from the National Imports Tariff, 22 products registered increases, and 17 new lines were created.

El Salvador and Honduras have the highest prices for the basic food basket in Central America

October 2008

At least six products in the basic food basket have the highest prices in Central America.

This was revealed by a study presented today by the Consumer Protection agency.

According to a survey of prices carried out in Central America, the agency detected that basic goods such as milk, chicken, beans, flour, white rice, sugar, etc.

Guatemala gets green light for zero tariffs to fight high food prices

June 2008

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.

Panama tariff policy spices up debate on inflation

May 2008

Panama has abolished import tariffs on tea, garlic, mustard, spices and seasonings while they remain in force for rice, corn, dairy products and chicken.

Consumer associations complain that the policy will do nothing to curb inflation in prices of basic food staples. But that is not the aim, said former economy minister Frank De Lima. The government wants to protect producers, not consumers, De Lima added.

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