Steel in Honduras: Opposition to ProtectionismIn response to the authorities' consultation on the request for a safeguard measure on the import of steel products, the builders are opposed on the grounds that this would make materials more expensive, in addition to making their production inefficient.Monday, February 24, 2020
This is not the first time that builders are against this issue, since in November 2019, directors of the Honduran Chamber of the Construction Industry (Chico), requested the government to eliminate the safeguards on imports of steel-based products, since they claim that these measures promote monopolistic practices. Source: laprensa.hn ¿Busca soluciones de inteligencia comercial para su empresa?¿Le interesan los proyectos de construcción en Centroamérica?Conozca nuestro servicio de información que detalla las grandes construcciones que se están desarrollando en la región. Incluye urbanizaciones, edificios, hoteles, locales comerciales, carreteras e infraestructura pública, entre otros. Ver ahora Builders Against ProtectionismNovember 2019 The Honduran construction union asked the government to eliminate the safeguards on imports of steel-based products, because they assure that these measures promote monopolistic practices. 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 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". No to Taxing Imports of Steel RodsMay 2018 In 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.
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