Tuesday 4 October 2022

The Never Ending Tariff Conflict between Panama and Colombia

Paying the bills

Latest

Black jaguar is captured by camera traps in the Cordillera de Talamanca

QCOSTARICA - A jaguar with melanism (an increase of...

Border crossing with Panama restored, but trade conflict continues

QCOSTARICA - The temporary blockade that a group of...

Costa Rica begins with vaccination against Covid-19 in children

QCOSTARICA - The Caja Costarricense de Seguro Social (CCSS)...

The Best Online Casinos You Can Use Anywhere In The World

There’s nothing worse than having a winning streak on...

Business sector call for declaration of national emergency due to poor road conditions

QCOSTARICA - The Unión Costarricense de Cámaras y Asociaciones...

Heavy rains caused landslides and road closures

QCOSTARICA - The heavy rains on Monday caused landslides,...

Tourism dynamism does not reach all small businesses

QCOSTARICA - It is estimated that, by the end...

Dollar Exchange

¢625.74 Buy

¢631.33 Sell

04 October 2022 - At The Banks - BCCR

Paying the bills

Share

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.

- Advertisement -

Imports of bituminous coal will be taxed at 15%, purchases of white cement at 5%. Added to the list of products with a tariff of 30% are toilet paper and paper towels.

Far from being resolved, the problem seems to be getting more and more complicated. What started more than two years ago with the imposition by Colombia of mixed tariffs on imports of textiles and footwear from Panama has turned into a kind of commercial war, in which both countries are using tariff increases to defend their position.

The new tariffs apply from February 1 of this year. See decree (in Spanish).

- Advertisement -
Paying the bills
Avatar photo
Q Costa Rica
Reports by QCR staff

Related Articles

Costa Rica will suspend tariff benefits to Panama

QCOSTARICA - Costa Rica will suspend Panama's tariff benefits for refusing...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.