Panama: New Tariffs Against Colombia In EffectImport tariffs on flowers will rise from 15% to 30%, those on cement clinkers from 0% to 30%, and import duties of clothing will go from between 10% and 15% to 30%.Tuesday, August 16, 2016
The increase in tariffs comes on top of a 7% payment on account of the Tax on the Transfer of Goods, Furniture and Services (ITBMS) in the case of cement clinkers and clothing. See decree published in the official newspaper La Gaceta.(In Spanish) Source: Panamaamerica.com.pa ¿Busca soluciones de inteligencia comercial para su empresa?Panama: The Colombians that Colombia Discriminates AgainstApril 2016 Colombian businessmen have pointed out the damage caused to their business dealings with Panama by the respective governments inability to resolve continuing conflicts over the sharing of financial information and tariff policy. Agenda of the Presidents of Panama and ColombiaAugust 2013 Businessmen from both countries are pay attention to the dialogue on tax information, tariffs on re-exportations from the CFZ, the Trade Agreement, and the electrical interconnection. FTA Colombia – Panama to Take Longer than ExpectedJune 2010 At least two or three additional negotiation rounds will be necessary to close the Free Trade Agreement between the countries. Panama-Colombia, Colombia-PanamaDecember 2009 "Colombia and Panama are two complementary countries sharing similar business vision and historic identity, which creates synergies between our entrepreneurs".
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