Within the reduction of tariffs on certain products are included flour, barley, oils and corn.
Colombia News.
Some products will enter Colombia without paying taxes after the issuance of a decree by the National Government, which eliminates tariffs on 165 products, which today have high prices.
The measure is in effect from March 4, temporarily, for six months.
Among the products for which the measure will be applied are: oat grains, toast, toilet paper, threads and other fabrics.
Decree 307 that was issued on March 3, eliminates the tariff of 165 products that had 5%, 10% and 15% in the collection of taxes to enter the country.
“This reduction in tariffs is late and I think that the effects on inflation are going to be quite limited because there are other things that are having a greater impact on current inflation,” warn experts.
Potatoes at $1,700 and a banana at $1,400: the soaring prices of vegetables, meats and fruits
The global supply chain has not yet recovered.
They also warn because “we have other factors such as the crisis between Russia and Ukraine,” said Guillermo Sinisterra, an economist at the Javeriana University.
Crisis due to skyrocketing prices
As is known, the prices of food in the family basket are very high, which is why the aim is to alleviate the effects of inflation.
The blow has been direct to the pocket of Colombians.
Zero tariffs could help ease some, however, there is expectation.
During the six months, within the 165 items without taxes to enter the country, there are also non-alcoholic beer, toasted bread and napkins.
There are those who disagree with this decision, claiming that a reduction in the cost of food has not yet been made.
However, the problem of rising prices of food and products is not only experienced in Colombia, from European countries, others in Latin America, North America the same phenomenon is also reported.
The shortage and rise in prices due to “the container crisis” also hit Colombia
