Building Materials Going From Colombia to Central AmericaMonday, May 18, 2015 The South American country is one of the leading suppliers of construction materials in the region, where Panama alone imported $86 million worth in 2014. The sector supplying Colombian construction materials has Central America as one of its main markets, where it mainly exports articles of iron and steel, electrical appliances, ceramics, clay and stone, extracts, pigments and paints, aluminum and tools, according to figures from ProColombia. Panama: Problems with Colombian Tariffs AgainTuesday, January 26, 2016 The government of Colombia has announced it will appeal over the WTO ruling in favor of Panama in the conflict over the imposition of mixed tariffs on imported textiles and shoes from the Central American country. On 27 November, the WTO ruling confirmed that the measures taken by Colombia, in establishing mixed tariffs on textiles and footwear, violate the country's commitments to the organization. Tariff Dispute: Colombia's New OffensiveWednesday, August 14, 2019 The South American country decided to impose a tariff of 37.9% on clothing when its declared FOB price is less than or equal to $20, again affecting businessmen in the Colon Free Zone in Panama. Decree Number 1416 of the Ministry of Commerce, Industry and Tourism of Colombia, dated August 6, 2019, specifies in its Article 1 that establishes "... a tariff of thirty-seven point nine percent (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 20 United States dollars per gross kilogram." WTO Rules in Favor of Panama Over Colombian TariffsFriday, November 27, 2015 Colombia's decision to establish mixed tariffs on imports of textiles and footwear from Panama violates the commitments made by the South American country with the organization. Putting an end to a conflict that has affected the performance of the Colon Free Zone for more than two years, the World Trade Organization (WTO) announced that it has ruled in favor of Panama, concluding that the tariffs imposed by Colombia on the entry of footwear and textiles from Panama contradict the principles of the organization. Panama: Ultimatum Issued to Colombia Over TariffsWednesday, November 16, 2016 The South American country has until 22 January 2017 to implement the recommendations and rulings established by the Dispute Settlement Body of the WTO. The announcement of the WTO comes after Colombia announced the replacement of the controversial mixed tariff by a threshold of $10 / kg for clothing and between $6 and $10 per pair of shoes, and the temporary application of maximum tariffs of 40% and 35%, respectively and above that threshold, a tariff of 15%. Tariff Conflict: Colombia's New Offensive RulesWednesday, November 6, 2019 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." $1.445 million in Business between Central America and ColombiaWednesday, November 21, 2018 Fuels, plastic goods and pharmaceutical products led last year's imports made by Central American companies in the South American nation. Figures from the information system of Commerce between Central America and Colombia, from the Trade Intelligence Area of CentralAmericaData:[GRAFICA caption="Click to interact with graphic"] What does Central America Import from Colombia?Tuesday, August 1, 2017 Of the total value imported by the Central American countries in 2016, 11% corresponded to bituminous coal, worth a total of $147 million. Figures from the Information System on the Foreign Trade between Central America and Colombia, complied by the Business Intelligence Unit at CentralAmericaData: [Figure caption = "Click to interact with the graphic"] The Never Ending Tariff Conflict between Panama and ColombiaWednesday, February 7, 2018 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. Colombia Wants to Import Garlic, Lentils, Beans and OilThursday, February 25, 2016 The Colombian government has reduced tariffs to 0 on imports of lentils, beans and garlic, and suspended the price band for crude and refined oils. From a statement issued by the President of Colombia: Delay in Solution to Tariff Conflict with ColombiaWednesday, March 8, 2017 A WTO panel must now verify whether Colombia has complied with the ruling that forced it to suspend the collection of tariffs on imports of textiles and footwear coming from Panama. With this new stage in the process being undertaken by both countries to try to resolve the tariff dispute, the final solution could be farther off than expected, since according to the World Trade Organization itself, the decision by the verification commission could take up to three months. Doubts Over Continuity of Colombian TariffsTuesday, November 1, 2016 An end has been reached to the additional time period requested by Colombia to continue charging the 10% tariff on textiles and footwear coming from the Colon Free Zone, but it is not known whether they will continue to implement the measure. The World Trade Organization (WTO) ruled in favor of Panama and ordered Colombia to stop charging the tariff, but despite this, the South American country extended the measure until November. Central America: The Beauty and Personal Care MarketThursday, April 6, 2017 Between January and September 2016, the value of imports of beauty and personal care products from Colombia grew by 12% compared to the same period in 2015. Figures from the information system on the Beauty and Personal Hygiene market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAPHIC caption = "Click to interact with the graph"] Panama: Conflict Continues Over Colombian TariffsTuesday, May 23, 2017 A deferral has been made for a compliance panel which was requested by Panama to verify whether or not Colombia has complied with the WTO ruling in the dispute over Panamanian textile and footwear tariffs. Laestrella.com.pa reports that "...Panama called on the World Trade Organization (WTO) to establish a panel to determine whether or not Colombia complied with the organization's ruling which put pressure on Bogotá to withdraw a tariff on imports of Panamanian textiles, clothing and footwear."
MARKET STUDY
Candies and Chocolates: Business with Colombia up 12%Monday, January 27, 2020 In the first semester of 2019, countries of the region imported $166 million for candies, chocolates and other cocoa-based preparations, and purchases from Colombian companies are 12% higher than those reported during the same period in 2018. Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"] |
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