Since Congress has not yet ratified the Association Agreement, the exporters' union warns that they will lose the opportunity to sell to that European market on an equal basis with their Central American neighbors.
As part of the United Kingdom's exit from the European Union, Central American countries must ratify the Association Agreement so as not to disrupt trade relations with British companies.
In Costa Rica, the General Directorate of Customs announced that companies that have tax or employers debts will not be able to complete the procedures and formalities needed to export or import goods or services.
Resolution DGA-030-2019 of the Directorate General of Customs (DGA), issued on October 22 of this year, states that "... it is communicated that the Information Technology Information System for Customs Control will verify compliance with these requirements and if there are outstanding debts will prevent continuing with the import or export procedure requested by electronic transmission."
In August 2019, sales abroad totaled $63 million, 7% more than the amount reported in the same month last year.
The most recent figures from the General Comptroller of the Republic, detail that between January and August 2018 and the same period in 2019 exports reported a minimum decline, going from $487 million to $485 million.
On November 5, a 37.9% tariff was charged on imports of clothing when its declared FOB price is less than or equal to $20, which affects businessmen in the Colon Free Zone in Panama.
Decree No. 1416 of the Ministry of Commerce, Industry and Tourism of Colombia, dated August 6, 2019 and which has just come into force, states in its Article 1 that "... a tariff of 37.9% on imports of products classified in Chapters 61 and 62 of the National Customs Tariff, when the declared FOB price is less than or equal to US$20 per kilogram gross."
Consistent with the behavior recorded in recent months, from January to August 2019 Honduran companies sold abroad $2.949 million, 8% less than reported in the same period of 2018.
The downward trend registered in August is due to the reduction in external sales of coffee, paper and cardboard, bananas and zinc, according to the report of the Central Bank of Honduras.
The Costa Rican National Assembly approved the Association Agreement between the United Kingdom of Great Britain and Central America, which protects commercial relations between both economies within the framework of the Brexit process.
Approval of the "Agreement Establishing an Association between the United Kingdom of Great Britain and Northern Ireland and Central America" was approved in the second debate, the Legislative Assembly reported last October 28.
The Panamanian National Assembly ratified the Association Agreement between the United Kingdom of Great Britain and Northern Ireland and Central America, which aims to safeguard trade relations for the Brexit process.
Project 154, which was approved on October 28, essentially preserves the rights acquired by both parties and does not change the set of rights and obligations acquired by the Republic of Panama. This agreement is based on three pillars: political dialogue, trade and cooperation, informed the National Assembly.
From January to August of this year, Panama reported purchases abroad for $8.748 million, and imports of capital goods grew 2% over the same period in 2018.
The latest report of the General Comptroller of the Republic details that between the first eight months of 2018 and the same period of 2019 purchases abroad increased by $48 million, going from $8.7 billion to $8.748 million.
In the first nine months of the year, Salvadoran purchases abroad that make up the oil bill totaled $1.122 million, 9% less than the amount reported in the same period of 2018.
The oil bill is composed mainly of gasoline ($341.7 million), diesel ($307 million), liquefied gases and propane ($171 million) and fuel oil (Bunker C) with ($133.2 million), informed the Central Reserve Bank (BCR).
Weeks after the Cortizo government decided to interrupt the negotiations of the trade agreement, it announced that in 2020 the issue of the FTA with the Asian giant could begin to be seen again.
The issue has generated expectation, because after having advanced to the fifth round of negotiations during the Varela administration, with the arrival of Laurentino Cortizo in charge, the process of signing the agreement was completely interrupted.
The National Assembly of Panama approved in third debate the Free Trade Agreement between both countries, signed in May 2018.
Some of the results that will be achieved with the entry into force of this agreement include immediate access to the Israeli market for agricultural products such as: frozen beef and hamburger, palm oil, cassava, rum and vinegar. Seafood such as sole, albacore, cod, fresh tilapia, and lobster, among others. As well as industrial products such as soap powder and paste, cement and aluminum profiles.
Although between January and September 2019, Nicaraguan exports grew 2% compared to the same period in 2018, businessmen say it is because of an atypical behavior of gold and fish sales, not a general improvement.
According to figures from the Center for Export Procedures (Cetrex), between January and September 2018 and the same period in 2019, sales of companies in Nicaragua abroad went from $2.075 million to $2.108 million.
The National Assembly approved in first debate the bill of the Free Trade Agreement between the State of Israel and Panama, signed in May 2018.
The Foreign Affairs Committee approved in first debate the bill of the Free Trade Agreement between the State of Israel and Panama, informed the National Assembly last October 2.
Lower foreign sales of coffee, paper and cardboard, bananas and gold explain the 8% decrease in accumulated exports from January to July 2019, compared to the same period in 2018.
Up to July 2019, exports of agro-industrial products worth $1,439.9 million were recorded, $130.9 million less than that observed in the same period of the previous year, behavior mostly attributed to the deterioration in coffee exports ($128.2 million), as a consequence of the 12.6% decrease in the international average price, together with a decrease of 1.4% in volume, according to an official report.
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...
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