The Association of Industries of Haiti supports the government stiff tariffs on 22, mostly Dominican products

Posted by hougansydney.com on Friday, July 6, 2018 Under: Economy
Related image

The Association of Industries of Haiti supports the government stiff tariffs on 22, mostly Dominican products 

The Association of Industries of Haiti (ADIH) supports the recent stiff tariff proposed by the Jovenel Moise  government and included in the 2018-2019 national budget in an effort to boost national production.

Haiti will impose stiff tariffs on 22, mostly Dominican products


The organization said that it recognized the importance and fairness of the tariff measures provided by the current administration, whose objective is to increase domestic production.

The Ministry of Economy and Finance (MEF) recently announced that the next Budget Law will include a change in the tariff rates of 22 families of products (food, beverages of all kinds, paint, tobacco, etc.), imported for years, and which could be supplied by companies in Haiti and able to satisfy the local demand.

The taxes, of up to 40% on some products, are intended to discourage massive and uncontrolled importation, to reduce the national productive fabric.

The news did not please the members of the private sector, who sent a letter to the Minister of Economy and Finance, Jude Alix Patrick Salomon, highlighting the repercussions generated by this decision in several key sectors of the economy.

They also pointed out that such high tariff adjustments can aggravate the operations of contraband and tax evasion, due to the natural porosity of the Haitian-Dominican border and few customs controls.

In : Economy 



eXTReMe Tracker