Guatemala: Zero Tariff for Rum, Flour and Fat

From this year these three products will be traded duty-free under the DR-CAFTA agreement.

Monday, January 9, 2017

The tariff reduction process that started with the entry into force of the free trade agreement with the United States and Central America has now reached completion for rum, flour and fats exported from Guatemala.

"... The first product is rum, which in 2006, when the trade agreement came into effect, had a tariff base of 40 percent. Last year, the import tax had reached 3.3 percent and this year it is zero. Other products that are in the same situation are the residues from the treatment of animals and plant fats (other than poultry, cattle and pigs) and flour from wheat or morcajo (meslin), according to the Ministry of Economy."

Fanny D. Estrada, from Agexport, told Elperiodico.com.gt that "... periods of relief allow domestic products to reach international quality standards, as was the case of Guatemala with the DR-CAFTA. According to Estrada, local industry achieved a change in its production process and was able to function in a globalized world, leading to Guatemalan products being able to compete with their US counterparts. 'The rum industry successfully internationalized, while in oils, the country was able to develop an industry, mainly vegetable oils'."

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Costa Rican companies and CAFTA

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Costa Rica exporters still have a lot of work to do in order to benefit from the FTA, despite the fact that since January 1st their products can enter the US with zero tariff.

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