Saturday, 28 November 2020

Costa Rica Compensates Uruguay and Argentina

Uruguay-Argentina-SuramericaQCOSTARICA – Uruguay and Argentina have been granted import quotas for rice and wine as compensation for the increase from 35% to 62% in the tariff for milled rice.

Authorities at the Ministry of Agriculture (MAG) indicated that Uruguay has been granted a quota 11,080 tons per year, between milled grain, unhusked and parboiled rice. Purchases made outside the established quota will incur the 62% tax.

Nacion.com reports that “… Of the 11,080 tons a year granted, 6,960 tons are for milled grain, 3,020 tons for husked rice (paddy) and 1,100 tons of precooked rice. Only milled grain will incur a tariff of 35%. The other two presentations will not pay. ”

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“… In Argentina, Costa Rican negotiators managed to allocate compensation between milled rice quotas and quotas of wine, but not transcend the terms. The contingent of wine may enter without incurring the tax, which is at 15%. ”

Source: Nacion.com

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