An agreement has been made with over 300 producers to buy at $22.5 a quintal the surplus that has not been placed on the market.
From a press release issued by the Presidency of Panama:
The national government will buy rice production through the Institute of Agricultural Marketing at a price of $22.50 per quintal following a consensus reached between the authorities and representatives from the Cocle Association of Rice Producers (ACOPRA) who met at Palacio de las Garzas.
El Salvador's public debt up to May 2013 totaled $13.429 billion, representing 53.8% of gross domestic product in the country.
Eleconomista.net reports that "As of May this year the public debt of El Salvador, as a proportion of gross domestic product (GDP) amounted to 53.8%, representing a total of $13.4294 billion. That means that for every dollar the Salvadoran economy produces, slightly more than half is debt. "
In 1999, government spending on subsidies was $13 million, a figure which has multiplied 30 times, reaching $471 million in 2012.
In an event organized by the Salvadoran Chamber of Consulting Firms (Camsec) and the Union of MSMEs, union president, Jorge Daboub, revealed that while in 1999 the country spent $13 million on payments of subsidies, specifically for liquefied gas oil, by 2012 they had increased to $458 million, which represents an increase of 3523.1%.
The Costa Rican government has informed the WTO that from March next year it will cease the pricing system by which domestic rice producers are subsidized.
From 1st March 2014 rice subsidies will be removed, which could end the dispute with the U.S. and other WTO members on account of aid given to rice farmers.
In a statement that the Government of Costa Rica sent to the World Trade Organization (WTO), the country said it will eliminate aid for rice farmers through a decree approved last month.
After a decade of operating in El Salvador, Grupo Calvo is asking the government to achieve its goal of making La Union into a pole for development.
According to Manuel Calvo, from Calvo Group CEO, in a decade of operating in the eastern port of El Salvador, there is still the thorn in its side of failing to become a great center for tuna. "Basically is lacks cheaper costs," said the businessman, who added that the company needs government support to overcome the obstacles in this new phase.
Industrialists have denounced sub invoicing in the sale of live cattle in Guatemala, as a fraudulent method of getting subsidies.
From an interview in Elnuevodiario.com by Leslie Nicholas Lacayo with Alfredo Marín, vice president of the Chamber of Industries of Nicaragua, who explains the causes of the decline in exports to Venezuela, a major beef market:
The purchase of dollars by the central bank in order to prevent appreciation of the local currency is considered a form of subsidy for exporters.
From an interview in Nacion.com made by Patricia Leitón with the President of Banco Central Rodrigo Bolaños:
"I think it's very important that we continue with the gradual process of removing excess colones, we have already made a significant achievement, but of course these latest purchases of dollars have slightly increased the surplus".
The Government of Colombia and the Coffee Growers Committee have agreed to an additional increase from $33 to $63 per load of grain to farmers with less than 20 hectares.
Growers with more than 20 hectares will go from receiving $33 to receiving $52 per grain load.
From a press release issued by the Presidency of the Republic of Colombia:
President Juan Manuel Santos said on Saturday that the government and the Coffee Growers Committee have agreed to further increase the Income Support for Coffee Growers from 60,000 pesos to 115,000 pesos ($33 - $63) per load of grain for farmers under 20 hectares.
The removal of the 6% return on exports has not been compensated in practice by the laws that are intended to have a dynamic effect on foreign sales.
Elsalvador.com reports that two years after MPs approved three laws intended to replace the return of 6% on exports, known as "drawback", the exporters have been "Without a bowl and without the soup".
Central American exporters are on alert after the Colombian government decided to increase the protection for domestic footwear and textiles industry.
These measures will apply to imports from those countries Colombia does not have a Free Trade Agreement (FTA) with. In addition, a subsidy will be granted to the coffee sector totalling around $44 million.
There should be time limits placed on any subsidies given to sectors of the population or the economy, so that they do not end depending on the state.
Martesfinanciero.com studied the case of subsidies granted by the Panamanian government, invoking the old adage "Give a man a fish and he'll eat for a day, teach him to fish and you’ll feed him for the rest of his life."
After the first tender was declared void, the Ministry of Economy will convene a new bidding process to hire the service of payments for propane gas subsidies.
The Management of Procurement and Contracts at the Institutional Economics Ministry (Minec), declared void the tender contest for the implementation of the new delivery mechanism of propane gas subsidies, after the only company to submit its bid did not meet the financial and technical requirements established.
As set out in the FTA with the U.S., Canada and the European Union, Panama has three months to remove or replace these incentives.
Authorities from the MICI, the Panama Exporters Association (APEX) and the Union of Agro export of non-traditional products (Gantrap) are preparing a proposal, which must first be approved by the Cabinet Council and later by the National Assembly.
For each load of 125 kilos of coffee, coffee farmers will receive $33 as compensation for the fall in international coffee prices and the devaluation of the Colombian peso.
A statement from the Ministry of Finance of Colombia reads:
Government triples coffee subsidies: 80 billion pesos ($ 44 million) for 600,000 families.
So announced the finance minister, Mauricio Cardenas, on Saturday at a press conference.
DAL Resolution No. 228-ADM-2012 September 19, 2012, removes the subsidy on insurance policies on production from the program for agricultural competitiveness and its trust.
Agricultural producers must now pay 100% of the cost of the policies they take out to protect their investment and not 50%.
With the subsidy the state assumed 50% of the cost of the insurance premium and and the remaining 50% was paid by the producer.
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