Outlook 2012: Back to business
Outlook 2012: Back to business
Well, 2011 was a year that was definitely not foreseen in my crystal ball. On Feb. 13, Congress gave flower importers an unwelcome Valentine’s gift of duties. Other than 10 years ago when the Andean Trade Preference Act lapsed for eight months, importers have not paid duties on imported flowers in 20 years.
Since this was not anticipated or budgeted, importers had to scramble to start paying duties as one of the biggest volume days approached.