The government has extended, until December 31 this year, the decree from August 2016 that temporarily increases import tariffs for flowers, coal, clinker and clothing.

From a statement issued by the Presidency of Panama:

The Cabinet has given approval to the extension of Executive Decree No. 001-17 which temporarily increases import tariffs on items such as flowers, coal, cement clinker and clothing. The measure was applied from 16 August 2016 and remained in force until December 31, 2016.

The extension of the Decree will take effect from February 15 to 31 December 2017 and excludes countries that have free trade agreements in force with Panama, members of the Central American Economic Integration Subsystem and Countries with the less Economic Development in Relation to the Latin American Integration Association.