No to Taxing Imports of Steel RodsIn Costa Rica, the builders union has opposed the suggestion by Arcelor Mittal to establish a safeguard measure and charge a 15% import duty on rods.Wednesday, May 2, 2018
Following the request by the company ArcelorMittal de Costa Rica S.A. in November 2017 to the Ministry of Economy, Industry and Commerce (MEIC), to impose a 15% tax on imports of used iron rods for construction, the Costa Rican Chamber of Construction (CCC) reported that since March 19, the MEIC started a process to evaluate whether or not to apply the measure. Source: Nacion.com ¿Busca soluciones de inteligencia comercial para su empresa?Are you interested in construction projects in Central America? Receive information about our monthly report including a complete list of all the major and most important construction projects seeking government authorization. Request more information: Need assistance? Contact us
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Protectionism vs. Free MarketDecember 2018 In Costa Rica, the government's decision to reject ArcelorMittal's request to raise the import tax on steel rods generated such a conflict that the company assured that "it has no incentive to keep its production in the country." Controversy Over Steel Rod Import Tariff ContinuesNovember 2018 In Costa Rica, importing companies are against the ArcelorMittal proposal, which consists of raising the steel rod income tax from 1% to 15%. Controversy Over Steel Rod Import TariffMay 2018 ArcelorMittal has requested the restoration of a 15% import duty on steel rods, arguing that "the vast majority of these imports enter the country without paying taxes, taking advantage of a legal loophole". Imposition of Safeguards on Steel Imports Being ConsideredApril 2018 The Ministry of Economy in Costa Rica, has started an investigation to determine if there are elements that allow application of a safeguard on imports of cylindrical rods made of alloy and non-alloy steel.
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