Government publishes draft decree to curb young cattle exports and set a 10% tariff
The Ministry of Commerce, Industry and Tourism published the draft decree that seeks to curb exports of live cattle, specifically males under two years of age, and set new tariff rules for the sector.
TL;DR
- Colombia plans to restrict exports of live cattle under two years old.
- A 10% tariff will be imposed on these exports.
- The goal is to stabilize domestic beef prices and ensure local supply.
- The government cites concerns about the impact of rising beef prices on the cost of living.
- The measure aims to protect the productive base of the cattle sector.
- The draft decree is open for public comment before finalization.