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NotiCen PDF file 1997 right arrow Aug

Panamanian Business Sector Objects to Massive Tariff Reductions

LADB Article ID: 55088
Category/Department: Panama
Date: 1997-08-28
By: LADB Staff

In July, the Panamanian government announced tariff cuts that initially slash the maximum duty from 40% to 10% on more than 100 goods. The move brought complaints from sectors that might be adversely affected, despite government arguments that a drop in the retail prices on many products would offset the tariff reductions.

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