Mendoza has always denied these accusations and in January 2014 announced that the country's currency regulator, Cencoex, owed Polar $463 million, a debt that was impeding the company from importing raw materials needed for production.
The sharp decline reflects weak demand for imported raw materials as Beijing continues to keep the clamps on the nation's property sector.
Another part of the House package reduces tax credits for imported raw materials; the United States imports 60percentt of its crude oil.
John Murray, head of the Bank of Canada's international department, reminded a parliamentary committee in Ottawa last week that there was "an upside to a stronger exchange rate," in the form of lower costs for imported raw materials and machinery.
We can't internalise our economy due to our need for imported raw materials and our addiction to cheap consumer goods produced using what if it occurred here we'd call slave labour.
At the same time, processors are looking for imported raw materials which are cheaper than those produced in Italy; this applies to tomatoes, carrots and celery and, in the future, possibly to concentrated citrus juice as well.
Beighton said it was too early to predict the long-term effects of Brexit but in the immediate term improved sales would more than make up for the higher cost of imported raw materials, such as cotton.
The Environmental Protection Agency is scouring the country for fertilizer and animal feed made from imported raw materials contaminated with cadmium, a toxic metal.
The Mauritius Export Processing Zone, which concentrates on labour-intensive processing of imported raw materials or semifinished goods for the export market, has successfully attracted foreign investment.
Similarly, another part of domestic industry may rely on an inflow of imported raw materials, such as oil for fuel and power.
