Nicaraguan Rum, cigars, seafood, honey, vegetables, beans, timber, medicines and wood furniture will be allowed into Ecuador with preferential tariffs.
From a statement issued by the National Assembly of Nicaragua:
With 83 votes the National Assembly approved, on February 22, a Partial Agreement between Nicaragua and Ecuador that will allow the exchange of tariff preferences and the elimination of non-tariff restrictions on imports of a variety of more than 30 products from both countries.
From this year these three products will be traded duty-free under the DR-CAFTA agreement.
The tariff reduction process that started with the entry into force of the free trade agreement with the United States and Central America has now reached completion for rum, flour and fats exported from Guatemala.
"...The first product is rum, which in 2006, when the trade agreement came into effect, had a tariff base of 40 percent.Last year, the import tax had reached 3.3 percent and this year it is zero.Other products that are in the same situation are the residues from the treatment of animals and plant fats (other than poultry, cattle and pigs) and flour from wheat or morcajo (meslin), according to the Ministry of Economy."
Modifications have been made to the regulations for use and administration of the designation of origin "Guatemalan Rum" in order to meet the requirements of the European Union.
The National Association of Manufacturers of Alcohol and Liquor (Anfal) published the new standard in the Diario de Centro America, after changes were made to the text to adapt it and sell it to the European Union.
Between 2009 and 2013 sales of wine in the country increased by 77%, followed by vodka, which increased by 43%, whiskey 38% and rum 31%.
In 2013 wine came top in terms of import volumes, with a total of 9,256 tons. At the same time, its distribution in bars, restaurants, liquor stores and supermarkets during the same period grew by 32%.
Manuel Barrenechea, brand manager of Reserve de Diageo, told Elfinancierocr.com that "...
The evolution of the Panamanian economy brings changes in consumption patterns which favor imported wine and premium liquors.
Figures from the Comptroller General of the Republic up until August reveal that local production of alcoholic beverages stood at 176.8 million liters, 2.2 % less than the 180.2 million reported in the same period in 2012. This decrease was driven by the 10.2% decline reported in rum production which went from 5.3 million liters to 4.7 million.
A trade mission managed to secure Nicaraguan purchase intentions worth $7.8 million in the South American country in the following sectors: meat, shoes, rum, sugar and pottery.
"Among the Nicaraguan products that are in the greatest demand in Chile are beef, rum, footwear, ceramics, sugar and other agro products, as well as ‘rosquillas de maíz ‘ (corn chips or pretzels) for which negotiations are starting," reported the Center for Exports and Investments (CIS) according to Laprensa.com.ni.
Guatemala, Honduras, Panama, Nicaragua and El Salvador are being represented at the International Fair for Coffee, Tea and Spirits, being held in Taipei.
From today, November 25th to the 28th, a group of young business people will be promoting coffee, rum and cigars, with the aim of increasing exports to that country.
According to an article in Reuters: "Consumption and import of coffee has experienced a sharp rise in Taiwan, rising from $35 million spent in 2004 to $69 million in 2009, said organizers of the fair.
As of August 4 million 18 thousand liters of rum were produced, 32.1% more than the same period of 2009.
According to the Comptroller General's Office, production in August 2010 reached the highest growth since 2007 when it reported growth of 21.5%.
Prensa.com reports, "This relates to the aggressive export plan of the two main factories of this product, though in recent years independent producers have joined.
The distilled spirits producer, Varela Hermanos, SA, signed a distribution agreement to expand into the US market.
The agreement announced during the Wine and Spirits Wholesalers of America convention, held in Orlando, Florida, was signed between the Panamanian subsidiary of the company in Miami, Varela Imports, Inc. and Van Gogh Imports.
The Pa-digital.com.pa website printed comments from the executive vice president of Varela Hermanos, Luis J. Varela Jr.: "The US market offers vast growth potential and our alliance with Van Gogh Imports will allow us to expand Ron Abuelo distribution in this important market. We can also continue with our plan for growth abroad."
Beer production rose by 3.3% in January 2009 when compared to the same month last year.
However, considering total liquor production in Panama (21.7 million liters in January), it increased only 2.1%, as production of sec, rum, gin and other spirits contracted by -17.9%, -13.6%, -4.3% and -36.5% respectively."
La Prensa.com published: "In January, production increased 2.1% over the same month in 2008, but this rate of increase is much lower than was recorded early last year [2008] (17%) and the annual average for 2008 (8.5%)."
The Alcohol and Rum Distillery (DARSA) increased its production capacity with the purchase and acquisition of the Tulula Factory, in Retalhuleu.
Erick Aragon, general manager of the company, commented during the inauguration that the investment will allow the plant to increase its production from 40 to 90 million liters per year, for the various types of alcohol.
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