The Government of Colombia has decided to extend the zero tariff measure for another year for 74 inputs used in food production. This action, which has been in force since last year, Its objective is to alleviate the pressure generated by inflation in the agricultural sector.
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The Ministry of Commerce, Industry and Tourism has reported that this measure includes products such as onion, garlic for planting, fresh sweet potatoes for planting, palm nuts and kernels for planting, sugar beet seeds, alfalfa forage seeds, lettucevegetables for planting, tobacco, milk substitutes for feeding calves, propionic acid salts, medicines for veterinary use, fertilizers, albumins, fungicides and manganese minerals, among others.
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Onions, garlic for planting, fresh sweet potatoes for planting, walnuts and almonds, among others, will benefit from this tariff.
Jaiver Nieto Alvarez/ETCE
Although this measure was in force until April 5, the Government has decided to extend it for one more year due to persistent upward pressures on production costs in the agricultural sector, which has impacted the basic basket of Colombians. The decision to extend the benefit was made after the recommendations of the Triple A Committee and the endorsement of the Higher Council for Fiscal Policy (Confis).
However, it is established that this measure will be evaluated periodically to determine if a new extension is required. The intention is to analyze the impact of the measure on the economy and assess its effectiveness in mitigating the effects of inflation in food prices.
Juan David Cano Lopera
School of Multimedia Journalism EL TIEMPO
ECONOMY WRITING
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