Incentive to Import Electric Cars

As of January 2020, electric vehicles imported into El Salvador and Honduras will be exempt from the import duty, which was 30% in El Salvador until now.

Monday, December 9, 2019

The measure, which will be applied in both countries, was approved at the session of the Council of Ministers of Economic Integration (COMIECO), held in El Salvador on December 5 and 6.

You may be interested in "Electric Cars: Who Are the Potential Buyers?"

In the case of El Salvador, the tariff currently set is 30%, but with the change, no more will be paid from January.

Miguel Angel Corleto, Vice Minister of Economy of El Salvador, explained to Laprensagrafica.com that "... the measure has 'the purpose of contributing to the environment, as it is expected to reduce the consumption of petroleum products and promote the reduction of emissions of polluting gases."

Also see "How Many Vehicles Are in Central America?"

Corleto added that "... decisions on tariffs are subject to the legal instruments governing the Central American economic community. Each country has that margin to make decisions, but in agreement with COMIECO."

The measure is expected to enter into force in January 2020, after it meets a series of requirements, such as its publication in the Official Journal.

Do you need more information about your business sector?

Request more information:








this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

El Salvador to Import Red Beans From Outside Region

July 2014

The government has authorized the purchase of 9000 tons of red beans without tariffs until 31 October.

The permission granted by the Council of Ministers for Economic Integration (COMIECO) to the government of El Salvador will be valid until 31 October for the acquisition of up to 9000 tons of red beans from countries such as Colombia and Mexico.

Guatemala: Initial Vehicle Registration Tax

May 2012

With COMIECO’s elimination of tariffs on vehicle imports, the First Registration Tax (Iprima in Spanish) on automobiles will be applied.

Sergio de la Torre, The Minister of Economy announced that now "Iprima can come into effect".

The official version, according Prensalibre.com, reads: "The Iprima was created with decree 10-2012, Tax Update Act to replace the import tariffs on vehicles, and the Ministry of Finance argues that the Iprima will eliminate discretion and gives legal certainty in order to define the basis for calculating the tax. "

Guatemala to Eliminate Tariff on Wheat Flour

January 2011

The Ministry of Economy proposed the elimination of the 5% tariff on imports of wheat flour.

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.

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.

 close (x)

Receive more news about Auto Industry

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Looking for Importers and distributors of furniture

Mexican manufacturer of office furniture seeks importers and distributors interested in dealing their products in Central America.
PM Steele is a 100% Mexican company, with more than 67...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Feb 21)
Brent Crude Oil
57.820
Coffee "C"
110.35
Gold
1,642
Silver
18.455