Panama to Increase Import Tariffs for Dairy Products

The Cabinet Council approved a decree that seeks to increase import tariffs of dairy products, such as substitute milk and mozzarella cheese, from 15% to 30%.

Wednesday, August 9, 2017

From a statement issued by the Presidency of Panama: 

The Cabinet Council approved a decree that seeks to increase import tariffs on dairy products, such as substitute milk and mozzarella cheese, from 15% to 30%. 

This initiative corrects a distortion that originated in 2012 when there was a drastic drop in import tariffs on these products. 

The Minister of Agricultural Development, Eduardo Enrique Carles, stressed that this measure is necessary, since in 2012 a direct reduction to 15% was made on tariffs for products such as shredded or powdered mozzarella cheese, substitute milk and other cheeses.

In addition, this contributes to improving conditions of the productive sectors in the country, which made it necessary to modify the National Import Tariff, in order to have a positive impact on the competitiveness of these sectors.

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