The head of the ministry of economy, Armando Flores said, "We are exploring the possibility of temporarily eliminating tariffs, o as to help mitigate the price increase that has been felt."

November 2010 was the last time the government implemented a measure like this, achieving a reduction of close to $2.3 in the price of a 50 pound sack of flour.

Miguel Portillo writes in Laprensagrafica.com, "The official said that the issue will be discussed this week and it's a move that could help alleviate the high prices affecting wheat flour in the country.

In addition, Flores confirmed he is talking to the two largest flour mills in the country, in order to seek "creative" solutions to the price issue. "

Source: laprensagrafica.com

More on this topic

Guatemala Extends Deadline For Duty Free Flour Imports

August 2011

The Ministry of Finance has extended the deadline for the imports of duty free wheat flour until Dec 31.

The closing date had previously been set for the end of July.

"Luis Velasquez, Finance Minister, said the quota is for 25,000 metric tons (MT) of wheat flour. He added that so far 9,923 MT have been delivered and 15,76 MT are available to the public.

Guatemala Authorizes Import of Duty-free Corn and Flour

February 2011

The Government allowed imports of 25 thousand tons of wheat flour and 82 thousand of corn.

The corn quota is to enter the country over the next three months and the wheat flour in the next six months.

Prensalibre.com reported that this entered in effect as two government decrees were published in the official newspaper on February 9, 2011.

Guatemala to Eliminate Tariff on Wheat Flour

January 2011

The Ministry of Economy proposed the elimination of the 5% tariff on imports of wheat flour.

The finance minister, Erick Coyoy, said the measure seeks to alleviate the increased price in commodities on the international market.

"The proposal must be submitted and endorsed by the Council of Ministers of Economy of Central America (Comieco)," stated the article Elperiodico.com.gt.

El Salvador Removes Import Tariff on Flour

November 2010

The government temporarily suspended the 10% tariff on imports of flour until March 31st.

The Finance Minister, Hector Dada Hirezi, stated, "no additional requirements for the import of flour will be required, any individual or company can import, simply by complying with custom formalities normally required for such operations," published Lapagina.com.sv.