The finance minister, Erick Coyoy, said the measure seeks to alleviate the increased price in commodities on the international market.

"The proposal must be submitted and endorsed by the Council of Ministers of Economy of Central America (Comieco)," stated the article Elperiodico.com.gt.

Source: elperiodico.com.gt

More on this topic

Guatemala: Zero Tariff for Rum, Flour and Fat

January 2017

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

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.

Removal of Tariffs on Wheat Flour

August 2012

In order to mitigate the impact of rising raw material prices on bakeries, the government of El Salvador is investigating eliminating the import tax.

The head of the ministry of economy, Armando Flores said, "We are exploring the possibility of temporarily eliminating tariffs, o as to help mitigate the price increase that has been felt."

Guatemala Extends Deadline For Duty Free Flour Imports

August 2011

The Ministry of Finance has extended the deadline for the imports of duty free wheat flour until Dec 31.

The closing date had previously been set for the end of July.

"Luis Velasquez, Finance Minister, said the quota is for 25,000 metric tons (MT) of wheat flour. He added that so far 9,923 MT have been delivered and 15,76 MT are available to the public.

El Salvador Removes Import Tariff on Flour

November 2010

The government temporarily suspended the 10% tariff on imports of flour until March 31st.

The Finance Minister, Hector Dada Hirezi, stated, "no additional requirements for the import of flour will be required, any individual or company can import, simply by complying with custom formalities normally required for such operations," published Lapagina.com.sv.