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LatinNews Daily - 19 June 2020
In brief: Paraguay hints at trade cost cuts in bid to kickstart economy
* Paraguay’s finance minister, Benigno López, and the industry & trade minister, Liz Cramer, have revealed that the government is considering reducing trade costs as part of its plan to reactivate the country’s economy. Following a meeting with President Mario Abdo Benítez, López and Cramer attended a press conference in which they shared details of the plan, which they said will be published next week. López indicated that the plan will include, among other measures, a reduction in import and export costs, although nothing has yet been mentioned regarding the reopening of borders with Argentina and Brazil. Adding more detail, Cramer spoke of a reduction of tariffs on 78 products, and suggested a 30% reduction in national civil aviation authority (Dinac) taxes.
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- In brief: Paraguay hints at trade cost cuts in bid to kickstart economy