For businessmen in the sector the decline in dairy sales to May this year is mostly because of the rise in tax obligations in the country, directly impacting on export competitiveness.
Data from the Center for Export Procedures (Cetrex), say that between January and May 2018, and the same period in 2019, foreign sales of dairy fell from $53 million to $45 million, equivalent to a fall of 16%.
In Costa Rica, exporters ask the Central Bank to "avoid distortions in the fixing of the exchange rate because of the oversupply of dollars from the sources of financing for the fiscal deficit."
At the end of 2018 and the beginning of 2019, the dollar price against the Colon reported an upward trend, but from February 6 to mid-June 11, there has been a fall of up to 26 colones per dollar.
Since there are still difficulties arising from the implementation of the Single Central American Declaration, the Contingency Plan for DUCA F and DUCA T was extended until 17 June.
Central American customs authorities agree to maintain in force the Contingency Plan for DUCA F and DUCA T, until June 17, 2019, at 23:59 hours.
On May 24, a delegation of 12 companies from the South American country will visit Guatemala to offer local distributors foods such as avocado, apples, asparagus, blueberries and others.
The event, promoted by the Guatemalan Chamber of Commerce, will be held in a hotel south of the Guatemalan capital.
The strong growth reported in past years in foreign sales of frozen fruit from Costa Rica has declined, a situation that businessmen believe is because of market saturation.
According to data from the Foreign Trade Promoter (Procomer), between 2016 and 2017 foreign sales of frozen fruit grew 21%, from $65 million to $79 million, but for the period between 2017 and 2018 the increase was just 1%, going from $79 million to $80 million.
Until May 20, the validity of the regional contingency plan was extended to customs, which was activated because of the difficulties generated by the use of the Central American Single Declaration.
Since May 7, when the Single Central American Declaration (DUCA) was implemented at the regional level, the situation in customs has been complicated, because of multiple difficulties reported in the import and export processes arising from the implementation of the new system.
Because the entry into force of the Central American Single Declaration has generated delays in the import and export processes, a contingency plan will be implemented at all customs offices in the region.
By agreement of the Council of Ministers of Economic Integration (COMIECO), on May 7 the Single Central American Declaration (DUCA) was implemented at the regional level, a situation that has generated many difficulties arising from the implementation of the new system in the import and export processes.
Because Nicaragua is charging an additional fee of $0.05 for each kilogram exported or imported by air, fresh fish exporters have increased their costs and become less competitive.
Last April 25, the International Airport Administration Companies (EAAI) of Nicaragua began to collect the new tax. See "More costs in Times of Crisis".
With the entry into force of the Single Central American Declaration, businessmen in the region report losses because of the delays generated by the implementation of the new system in the import and export processes.
At the end of March, a report was made that the Council of Economic Ministers (COMIECO) agreed to postpone to May 7, 2019, the entry into force of the Single Central American Declaration (DUCA), which had initially been set for April 1, 2019.
To solve the congestion problem affecting Guatemala's port network, it is estimated that at least $133 million needs to be invested to improve the operations of current terminals.
The average standard for port operation is on average 50%, however, currently the country is reaching occupancy limits above 60%, which means that they are reaching congested points that make them less efficient.
In the first three months of the year, the country's foreign sales reached $1.466 billion, which is $16 million lower than what was reported in the first quarter of 2018, a decrease explained by the behavior of exports from the manufacturing industry.
From the Central Reserve Bank report:
At the end of the first quarter of 2019, El Salvador's exports accumulated a total of US$1,466.3 million, US$16.2 million less than the same quarter of 2018 (1.1% less).
Through the new diplomatic headquarters in Beijing, the Salvadoran government aims to deepen relations with the Asian giant.
The opening of the Salvadoran government's embassy in China will help to further strengthen the relationship of friendship, trade and cooperation between the two nations, reported the Ministry of Foreign Affairs of El Salvador.
Because it has become expensive in Costa Rica to produce manufactured and agricultural goods, exports of services are increasingly gaining in market share.
Figures from the Promotora de Comercio Exterior (Procomer) detail that of the total exports in 2018, 56% corresponded to sale of goods and 44% to services. This composition is far from the figures of a decade ago, since in 2008 exports of goods monopolized 62% and services 38%.
In order to sell the grain at better prices, Salvadoran coffee growers are interested in exporting to countries such as Argentina, Chile, Uruguay and Paraguay.
According to directors of the Salvadoran Coffee Council, South American countries are potential markets for the grain produced in El Salvador, since the consumption of specialty coffees is increasing.
The costs incurred by businessmen in Nicaragua, because of excessive procedures and low efficiency of foreign trade systems is 25% additional to the value of the goods, while in El Salvador and Costa Rica, amounts to 18% and 16%, respectively.
A study by the Economic Commission for Latin America and the Caribbean (ECLAC) specifies that the costs paid by businessmen in Nicaragua, because of excessive procedures and low efficiency of foreign trade systems is 25.3% additional to the value of the goods, followed by El Salvador with 18.3%, Costa Rica with 16.3%, Honduras with 15.8%, Guatemala with 14% and Panama with 9%.
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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