The Panamanian government has decided to increase, in some cases by up to 30%, import tariffs on several products, including flowers, cement and bituminous coal, most of which are imported from the South American country.
According to a Cabinet Decree published on January 10 in the Official Newspaper, the Panamanian government decided to modify several fractions of the National Import Tariff, taxing at 30% imports of roses, carnations, chrysanthemums, calla lillies, astomerias, gladiolas and "flor de confite" (Calyptronoma plumeriana (Martius) Lourteig), which mostly come from Colombia.
The government has extended, until December 31 this year, the decree from August 2016 that temporarily increases import tariffs for flowers, coal, clinker and clothing.
From a statement issued by the Presidency of Panama:
The Cabinet has given approval to the extension of Executive Decree No. 001-17 which temporarily increases import tariffs on items such as flowers, coal, cement clinker and clothing.The measure was applied from 16 August 2016 and remained in force until December 31, 2016.
Import tariffs on flowers will rise from 15% to 30%, those on cement clinkers from 0% to 30%, and import duties of clothing will go from between 10% and 15% to 30%.
The increase in tariffs comes on top of a 7% payment on account of the Tax on the Transferof Goods, Furniture and Services (ITBMS) in the case of cement clinkers and clothing.Seedecreepublished in the official newspaper La Gaceta.(In Spanish)
The company Sinocem has announced it will once again import cement from China to supply the local market at a lower cost than is offered by traditional suppliers.
Amid the controversy generated by changes in the rules for marketing cement, the company Sinocem has announced that the first Chinese import and sale of cement in the country generated good results, and that it will be importing more.
Operating Company dedicated to the manufacture of gluten-free and sugar-free products, OHNE brand. The OHNE brand has 8 product lines: square bread, sweet...