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    Home > Food News > Food Articles > Costa Rica raises sugar import tariffs, Brazil restarts litigation

    Costa Rica raises sugar import tariffs, Brazil restarts litigation

    • Last Update: 2021-05-07
    • Source: Internet
    • Author: User
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    foodmate.
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    html" class="zdbq" title="Brazil-related food information" target="_blank">The Brazilian government recently decided to file a re-launch of the lawsuit against Costa Rica with the World Trade Organization (WTO) in order to request the Costa Rican government to cancel the trade protection measures that raised foodmate.
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    html" class="zdbq" title="Sugar-related food information" target="_blank">sugar foodmate.
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    html" class="zdbq" title="Import related food information" target="_blank">import tariffs.
     
    Costa Rica’s “Repubblica” reported on April 24 that Costa Rica raised its tariff on sugar imports from 45% to 72.
    68% on November 16 last year.
    The move caused dissatisfaction in Brazil, and the Brazilian government also filed a lawsuit against Costa Rica in the World Trade Organization.
    At the same time, as a countermeasure, the Brazilian government has also decided not to provide tariff concessions to Costa Rican products.
     
    Therefore, affected by the increase in the price of imported raw materials and the abolition of preferential tariff policies, the selling prices of foods such as chocolate exported from Costa Rica to Brazil have also become more expensive.
    Recently, the Brazilian government has also decided to restart the previously suspended litigation procedures against Costa Rica, in order to require Costa Rica to cancel the trade protection measures that raised sugar import tariffs.
     
      La Maquila Lama SA is a Costa Rican company engaged in food packaging and distribution.
    General Manager Juan Carlos Sandoval said that since the implementation of the additional tariff measures last year, they have allocated an additional approximately 350 million Colon to deal with the increase in costs.
    At the same time, the increase in commodity prices caused by the additional tariffs has also greatly weakened the competitiveness of the company's products in the Brazilian market.
    Sandoval pointed out that they are waiting for the Costa Rican government to submit a resolution on the Brazilian government's litigation to maintain the previous export prices.
    foodmate.
    net/tag_3725.
    html" class="zdbq" title="Brazil-related food information" target="_blank">Brazil foodmate.
    net/tag_1685.
    html" class="zdbq" title="Sugar-related food information" target="_blank">sugar foodmate.
    net/tag_951.
    html" class="zdbq" title="Import related food information" target="_blank">imports
     
      Costa Rica’s “Repubblica” reported on April 24 that Costa Rica raised its tariff on sugar imports from 45% to 72.
    68% on November 16 last year.
    The move caused dissatisfaction in Brazil, and the Brazilian government also filed a lawsuit against Costa Rica in the World Trade Organization.
    At the same time, as a countermeasure, the Brazilian government has also decided not to provide tariff concessions to Costa Rican products.
     
      Therefore, affected by the increase in the price of imported raw materials and the abolition of preferential tariff policies, the selling prices of foods such as chocolate exported from Costa Rica to Brazil have also become more expensive.
    Recently, the Brazilian government has also decided to restart the previously suspended litigation procedures against Costa Rica, in order to require Costa Rica to cancel the trade protection measures that raised sugar import tariffs.
     
      La Maquila Lama SA is a Costa Rican company engaged in food packaging and distribution.
    General Manager Juan Carlos Sandoval said that since the implementation of the additional tariff measures last year, they have allocated an additional approximately 350 million Colon to deal with the increase in costs.
    At the same time, the increase in commodity prices caused by the additional tariffs has also greatly weakened the competitiveness of the company's products in the Brazilian market.
    Sandoval pointed out that they are waiting for the Costa Rican government to submit a resolution on the Brazilian government's litigation to maintain the previous export prices.
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