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Today’s Top Headlines

Panama Increases Import Duties On Certain Products

by Mike Godfrey,, Washington

04 August 2016

Panama's Cabinet has approved a decree that will temporarily increase import tariffs on certain products, including flowers, coal, cement clinker, and clothing.

The decree will take effect on August 16, 2016, and will be valid until December 31, 2016. It does not apply to products from countries that have free trade agreements with Panama and certain Latin American countries.

The Government said that the measure is consistent with the country's international commitments and is expected to boost customs revenue.

TAGS: tax | tariffs | agreements | manufacturing | import duty | trade | Panama

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