Tariffs on Sheet Metal in Honduras

Central American industrialists are requesting that the tariff on imports of the product be 0%, while a local company has requested that the fee be raised to 15%.

Friday, June 14, 2013

This happened in a meeting held by the Honduran Council of Private Enterprise (Cohep), which brought together about 22 representatives from companies engaged in the production, import and distribution of sheet metal.

Silvio Larios, director of the Chamber of the Construction Industry (Chico), believes that this trade safeguard which makes the price of sheet metal more expensive should be eliminated .

For his part, Jorge Estrada, representative of the firm Tubos y Perfiles, taking into account that Honduras imports sheet metal in the amount of $3 million per month, or about $36 million per year, says "It's very possible that when subjected to a 15% tariff it will get more expensive and the amount of imports will reach $40 million a year,"

Estrada added that to this amount you have to add an estimated increase of 10% for financial and administrative costs. "During this meeting, information was given out that the import tariff for sheet metal in Guatemala is 15%, El Salvador, 0%, Nicaragua 0%, and Costa Rica 15%," noted an article in Elheraldo.hn.



More on this topic

Steel Sheet Import Tariff Reduced

November 2018

Since November 1st, the Honduran government decided to reduce from 35% to 25% the import tariffs for steel sheets and other related products.

According to businessmen in the sector, the action taken by the authorities seeks to ensure the supply of steel sheets and other similar products at national level, as well as ensuring product price stability.

Controversy Over Steel Rod Import Tariff

May 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".

After the reaction from the construction sector, the steel rod manufacturer in Costa Rica, ArcelorMittal, justified its decision to request an investigation from the Ministry of Economy, Industry and Commerce (MEIC) to decide if it will impose a safeguard measure and impose a 15% tariff on imports of the product.

Enactment of Honduras - Canada NAFTA Announced

June 2014

The Honduran government has reported that the agreement will take effect on October 1, and that it will be coordinating a visit by a group of Canadian companies in the country in the coming previous.

The Department of Economic Development told Eleconomista.net that "...The entry into force of the FTA between Honduras and Canada "has been set for October 1" after the two countries have "adopted the administrative regulations necessary at the level of customs and the formalities prescribed in the Treaty have been exhausted.' "

Panama Denounces Colombia Tariffs as Too High

May 2013

The amount Colombia imposes as tariffs on products from the Colon Free Zone exceeds that authorized by the World Trade Organization.

Ricardo Quijano, Minister of Commerce and Industry in Panama, said he understands that Colombia can place this type tax on products, but the complaint is that there is a limit imposed by the World Trade Organization (WTO) and the tariff should be lower.

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