Hunduras announces measures to limit luxury imports

President José Manuel Zelaya has announced "drastic" measures to discourage the importation of luxury items.

Monday, June 16, 2008

Speaking at the 49th assembly of "Citizen Power" in Puerto Cortes, Zelaya said Saturday that despite the economic situation the nation faces, his is the only government that has given municipalities more than five percent of the national budget. That way, mayors can repond to citizen requests for projects without needing to apply new taxes.
One measure about to be imposed this week, he said, is "to take drastic measures to control the importation of luxury products. We are losing all of our reserve buying oil because the high prices are bleeding us white."

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Guatemala abolishes import tariffs on basic foods to help the poor

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