2001News

48-hour declaration affects exports

Pedro Raful, the president of the Colchones Universal Industrial mattress company, has complained about a new ruling of the Customs Department that affects exporters. He said the new ruling that obliges exporters to notify Customs of an export 48 hours in advance threatens the flow of goods and could impede exporters from fulfilling their commitments. Raful says there are many times when a buyer will increase an order at the last minute. The new government measure is an obstacle to these last minute sales. He complained that high interest rates, the high cost of energy and the new taxes already harm the export sector’s competitiveness.