NO to Tariff on Imports From Colombia

Nicaraguan industrialists pay more than their competitors in other Central American countries for the Colombian raw material they consume.

Wednesday, January 28, 2015

The 35% charged for "patriotic duty" on imported products from Colombia is affecting the performance of the productive sector and taking away competitiveness from Nicaraguan in the region. The business sector is once again demanding the elimination of the tariff particularly for the materials purchased by industrial companies.

Rodrigo Caldera, President of the National Chamber of Industries (Cadin), told Elnuevodiario.com.ni that "... The same Colombian raw material purchased by Nicaragua costs less in other Central American countries, which is why there is demand for these products to be released from the tax. "

He added that "... 'There is already a firm judgment from the International Court in The Hague, what exists is a contempt by the Government of Colombia to honor the failure that occurred and what we are asking is that products used as raw material for the domestic industry be free of such tax.'"



More on this topic

WTO Rules In Favour of Panama Over Colombian Tariffs

June 2016

The World Trade Organization has rejected Colombia's appeal against a judgment condemning the South American country's tariffs on imports of textiles and footwear coming from Panama.

Arguing that the taxes that Colombia set in 2013 are inconsistent with the General Agreement on Tariffs and Trade (GATT), the World Trade Organization rejected the appeal imposed by Colombia, indicating, in virtue of the case "...we do not believe it is necessary to examine the arguments put forward by Colombia in the appeal. "

Tariffs on Sheet Metal in Honduras

June 2013

Central American industrialists are requesting that the tariff on imports of the product be 0%, while a local company has requested that the fee be raised to 15%.

This happened in a meeting held by the Honduran Council of Private Enterprise (Cohep), which brought together about 22 representatives from companies engaged in the production, import and distribution of sheet metal.

Tariff Preferences for Textiles At Risk

April 2013

The preferential system which allows Nicaraguan textiles made with raw materials from countries outside of the DR-CAFTA to enter the U.S. without tariffs will expire at the end of 2014.

"... By the end of next year the nine-year grace period given by the United States to Nicaragua will expire, a benefit known as tariff preference level (TPL) which allows the country to export clothing made from yarn and fabrics from third countries for a maximum annual volume of one hundred million square meters." noted an article in Laprensa.com.ni.

Commodity Tax Removed from Colombian Raw Materials

March 2012

Nicaragua will eliminate the 35% tax on Colombian imports, which created a a disadvantage to local businesses compared to the rest of the region.

The abolition of the tax will be effective in a few weeks and follows an agreement between businesses and the government.

Jose Adan Aguerri, president of the Superior Council of Private Enterprise (COSEP), said that the tariff be suspended by way of a reform initiative to be adopted in Parliament after 9th April.

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