Grupo Buena dominates duty-free import of food in Guatemala

Despite the announcement from the Government that they would open the quotas to the cooperatives, one of them got only 1.98% of the 120,500 metric tons of food.

Wednesday, August 27, 2008

Last May, the Government of Alvaro Colom announced with great fanfare that it would free up the food import quotas, and that these would be administered by the cooperatives in order to promote competition and to provide consumers with the benefits of duty-exempted products.

However, the assignment of duty-free food products import quotas, authorized by the Ministerial Council for Central American Economic Integration (Comieco), did not fulfill its objectives, since 82% of the quotas were awarded to one of the single largest business groups in the country.

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