Georgia extends duty on flour, barley, and bran imports from Russia

게시됨 2024년 9월 1일

Tridge 요약

The Georgian government has extended the temporary duty on the import of flour, barley, and bran from Russia until March 1, 2025, in an effort to support local farmers and balance competing tariffs on imported wheat. The duty, which was initially implemented in summer 2023, has been extended multiple times due to its effectiveness in providing a stable market for Georgian farmers and maintaining competition among local flour mills. The duty ranges from 0.1 to 0.25 GEL per kilogram, depending on the imported good, and has allowed Georgian mills to resume production after facing crises due to fluctuating export duties on wheat from Russia.

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원본 콘텐츠

The duty effectively balances floating tariffs on imported wheat and puts factories in a competitive environment, experts believe The Georgian government has extended the temporary duty on the import of flour, barley and bran from Russia until March 1, 2025. In order to support Georgian farmers who have had problems selling their grain harvest due to the lack of demand for it, Georgia has introduced a temporary duty on the import of flour, barley and bran since the summer of 2023. Initially, it was valid until November 1, 2023. The term has already been extended twice - first until March 1, and the second time until September 1, 2024. In their opinion, this will facilitate the long-term outlook, including for those who store wheat, so that after September they can steadily consider the issue of deliveries to mills. According to the government decree, imports of more than 200 kilograms of wheat flour were taxed at 0.2 GEL per kilogram. In October 2023, it was increased by 25%, that ...

출처: Zol