Panama: Dairy Industry Against Reduced Tariffs

The food and beverage industry has protested over the lowering of import tariffs for evaporated milk powder, mozzarella cheese and cheese for melting.

Friday, October 26, 2012 reports that "Through the Cabinet Decree No. 37 of 9 October 2012, the administration of Ricardo Martinelli reduced the import tariff on evaporated milk from 155% to 30%. Milk powder has been reduced from 50% to 20%, and mozzarella cheese, and other melting cheeses from 30% to 10%. The tariff adjustment will affect the entire value chain of the industry. Not only will processors and distributors be harmed with these tariffs, but also small farmers who supply to the dairy industry with raw materials. "

"In general, companies are not so much opposed to the reduction in tariffs, as to how fast they have been applied and the fact that it was without consultation with the Government."

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Panama: 0% Tariff on Corn Imports

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The government has authorized a reduction from 40% to 0% tariffs on imports of corn until December 31, 2014.

From Cabinet Decree 27 of August 5, 2014 published in the Official Newspaper La Gaceta 27598-B:

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Tariffs Reduced on 42 Food Products

October 2012

Panama's government has reduced import taxes on 42 food products in order to lower the price to consumers.

The list includes some products considered sensitive to Panamanian producers, such as cheese, coffee and tomatoes, whose tariffs fell from 30% to 10%.

"Also added to these are other foods of low production in Panama such as turkey, Jasmine rice, pancakes, popcorn, corn appetizer, goat milk and cheese, which registered sharp falls in tariffs", reports .

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