What is the IAMAS tariff benefit in Colombia and how does it apply to the automotive sector?

Colombia’s automotive industry is facing a crucial regulatory shift. The Ministry of Commerce, Industry, and Tourism (MINCIT) has published a draft decree aiming to extend the Mechanism for the Stimulus of the Automotive Sector (IAMAS). This mechanism is vital for assembly plants and manufacturers seeking to preserve competitiveness and lower operational costs within their global […]