españolPanamanian Exports Up 7%Thursday, November 7, 2019 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. 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." Honduras: Exports Still FallingThursday, October 31, 2019 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. Business Sector: Short Telephone Number AuctionMonday, November 4, 2019 On November 14, the Superintendence of Telecommunications of Guatemala will auction a short number, which is used by commercial entities to provide advertising services, information, assistance and services. So far, 56 four-digit telephone numbers have been auctioned in the country and the next one to be made available to companies will be 1710, which may be used as a routing mask to an eight-digit number. Toy Shops: Strategies in Difficult TimesMonday, November 4, 2019 In Costa Rica, some toy businesses have decided not to raise prices during 2019, ally with banks and make special offers in order to increase sales in a context of economic slowdown. According to reports from the Central Bank of Costa Rica (BCCR), in the second quarter of the year, GDP grew 1.4% year-on-year, below the 3% reported in the same period in 2018, which is associated with the evolution of domestic demand and external demand for the production of companies of the definitive regime. Costa Rica Approves Agreement with United KingdomWednesday, October 30, 2019 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. Capital Goods Imports Grow at 2%Monday, October 28, 2019 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. Panama Confirms Agreement with United KingdomTuesday, October 29, 2019 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.
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Alcoholic Beverages: More Business with North AmericaThursday, November 7, 2019 From January to March 2019, Central American companies imported $109 million in alcoholic beverages, 24% more than in the same period in 2018, mainly explained by purchases from the U.S. and Mexico. Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphic"] Food: Global Prices up to October 2019Thursday, November 7, 2019 In the tenth month of the year, the FAO food price index rose 6% from October 2018, explained by rising prices of sugar, meat, dairy products and vegetable oils. From FAO's monthly report: New Twist in Panama-China FTA NegotiationTuesday, October 15, 2019 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. Livestock Fair: $10 Million in Business ExpectedWednesday, October 30, 2019 From 12 to 17 November will take place in Guatemala City the Week of Livestock and Expoleche 2019, where businessmen expect to close deals for about $10 million. The organizers of the event informed that for the edition of this year's event, genetic improvement technologies will be presented to the participants and it is expected that about 35 thousand people will attend.
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Agrochemicals: Businesses with Mexico up 12%Wednesday, November 6, 2019 During the first three months of 2019, companies in Central American countries imported insecticides, herbicides and fungicides for $132 million, and purchases from Mexican companies grew 12% over the same period in 2018. Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAPHIC caption="Click to interact with graphic"]
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Candies and Chocolates: Imported Volume Up 6%Tuesday, November 5, 2019 In the first quarter of 2019, the countries of the region imported 31,943 tons of candies, chocolates and other cocoa-based preparations, a volume 6% higher than that reported during the same period in 2018. Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAPHIC caption="Click to interact with graphic"] Economic Recovery May Be DelayedTuesday, November 5, 2019 Although Panamanian businessmen recognize that in the first months of the Cortizo administration there have been advances that could improve the performance of the local economy, it is predicted that the reactivation could take longer than expected. The gradual elimination of price control, the creation of the PPP regulatory framework and greater flexibility in preferential interests in the housing market are the most important advances that the productive sector has recognized to the Cortizo government. |
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Monday, November 11, 2019 - last update: 5:01 pm
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