US extends CBI until 2010

The preferential tariffs that the US gives to Central America and the Caribbean was to expire this year, however it was extended until 2010.

Tuesday, January 13, 2009

According to prensa.com, "The United States has extended the Caribbean Basin Initiative (CBI) until 2010.

A spokesperson for the US Embassy in Panama confirmed that the program "has been extended"."

More on this topic

Mexico Maintains Low Tariffs in Border Areas

November 2013

The term of the decree allowing the border areas of Mexico to import goods at a significantly lower charge than in the rest of the country has been extended for three years.

According to the Mexican Finance Minister, Luis Videgaray, the decree was scheduled to end on Decemnber31 December, however, the term has been extended for another three years.

Commodity Tax Removed from Colombian Raw Materials

March 2012

Nicaragua will eliminate the 35% tax on Colombian imports, which created a a disadvantage to local businesses compared to the rest of the region.

The abolition of the tax will be effective in a few weeks and follows an agreement between businesses and the government.

Jose Adan Aguerri, president of the Superior Council of Private Enterprise (COSEP), said that the tariff be suspended by way of a reform initiative to be adopted in Parliament after 9th April.

Guatemala to Reactive Tariffs Suit Against El Salvador

May 2011

Guatemala will reactivate a lawsuit filed in 2006 for the elimination of tariffs on metallurgical products.

Alexander Cutz , director of the Management of Foreign Trade Administration (Dace), at the Ministry of Economy , said that El Salvador has reduced the tariff on galvanized sheet metal , wire and galvanized pipe to zero .

Panama Requests CBI Extension to the U.S.

September 2009

The government requested an extension of the benefits of the Caribbean Basin Initiative (CBI), until the FTA is ratified.

Roberto Henríquez, Commerce and Industries Ministry, said that "This commercial program is of utmost importance for Panama's exporters until the U.S. ratifies the Free Trade Agreement, which will strengthen even more our trade relationship with the North American market".

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