The law provides tariff exemptions for importing the necessary equipment for the operations of a call center that can be set up anywhere in Honduras.
The measure aims to attract investment in this sector and alleviate youth unemployment by giving options for part-time work.
According to an article in Tiempo.hn the promoter of the law, Rep. Rodolfo Irias Navas explained that "in the country at the moment call centers operate under the law of free zones and they will have the option of staying under that legal framework or the new law in order to enjoy these benefits".
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The trade agreement between the two countries will have been in operation for ten years in 2013, and now all tariffs will be removed.
The trade agreement between the two countries will have been in operation for ten years this year in 2013, a date when according to the text, all negotiated products will reach a tariff reduction to zero, which will provide greater benefits to Panamanian products entering the Asian market.
An authorization by the Council of Ministers of Economic Integration for the duty free imports will be in force until December 31, 2012.
From resolution 286-2012 by the Council of Ministers of Economic Integration (COMIECO):
1. That in accordance with Article 38 of the Protocol to the General Treaty of Central American Economic Integration Protocol of Guatemala, as amended by the amendment of February 22, 2002, and 6, 7 and 22 of the Convention on the Tariff and Customs Regime it is the responsibility exclusive of this forum, to direct and administer the Tariff and Customs Regime as well as approve and amend the Import Tariff Rights contained in the Central American Import Tariff;
Oil in containers measuring from 1.7 to 2 liters can enter Panama duty-free for a year.
Through a Cabinet Decree, the Panamanian government has removed the tariff, for one year, on imports of soybean oil in bottles of 1.7 liters and 2 liters. It is established that other refined oils will incur a 10% tariff.
The coffee sector in Panama is calling for the repeal of Decree No. 37 which reduces the tariff of instant coffee, among other foodstuffs.
Norberto Suarez, president of the National Association of Coffee Processors and Exporters, said that this adjustment would mean the displacement of local production by imported products, hitting an already "very detoriorated" sector.