Georgian authorities urged to extend the duty on imported flour

Published 2024년 6월 20일

Tridge summary

The Georgian government has implemented a temporary duty on flour imports to bolster local wheat farmers and enhance the competitiveness of Georgian wheat. Initially introduced on June 12, 2023, the duty has been extended twice and is now set to expire on September 1, 2024. The Georgian Grain and Flour Producers Association has advocated for further extensions to maintain market stability. The import tax, applicable to imports exceeding 200 kilograms of wheat flour, was raised from GEL 0.2 to GEL 0.25 per kilogram in October 2023.

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Original content

The government called the purpose of imposing the duty to increase the competitiveness of Georgian wheat The Georgian Grain and Flour Producers Association called on the government to extend the temporary duty on flour imports in order to maintain a stable situation on the Georgian market, the Association’s executive director Levan Silagava said. In order to support Georgian farmers who have problems with the realization of grain harvest due to lack of demand for it, a temporary duty on flour imports was introduced in Georgia from June 12. Initially it was valid until November 1, 2023. It has been extended twice already – first until March 1, 2024, and the second time until September 1, 2024. “We urge the government to extend the import tax beyond September so that our operations as millers, bakers and wheat ...

Source: UkrAgroConsult