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Minister Assures Duty Won’t Impact Price Of Fijian Made Exercise Books

The introduction of 32 per cent duty on imported exercise books will not result in increase in prices of locally made exercise. The Minister for Finance, Aiyaz Sayed-Khaiyum, has given
01 Dec 2014 09:23
Minister Assures Duty Won’t Impact Price Of Fijian Made Exercise Books
Sheren Rup from Rups highlighting concerns over the introduction of a 32% duty on imported exercise books as the company is one of the importers.

The introduction of 32 per cent duty on imported exercise books will not result in increase in prices of locally made exercise.

The Minister for Finance, Aiyaz Sayed-Khaiyum, has given this assurance.

Mr Sayed-Khaiyum further confirmed Government has an arrangement with local manufacturers to ensure the retail prices are not increased.

He reiterated: “No doubt we are very much focussed on education and we will not do anything to undermine that.”

He said the 32 per cent duty was introduced in order to protect the local manufacturers and they are satisfied with the quality they are able to deliver.

“We have to be able to protect the local manufacturers not only for the local market but also for their ability to export to other Pacific Island countries,” the Minister said.

His comments follows concerns raised by a local importer at the post budget forum held in Suva the past week.

The forum was organised jointly by the Fiji Chamber of Commerce and Industry, the Suva Chamber of Commerce and Industry and the Fiji Australia Business Council.

Feedback: rachnal@fijisun.com.fj




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