Israel abolishes excise duties on fruit and vegetables

Published 2022년 3월 17일

Tridge summary

Israeli Finance Minister Avigdor Liberman has announced the abolition of tariffs on fruit and vegetables, with immediate effects for certain items and a phased reduction of tariffs on others over the next five years. The move, included in the 2022 state budget, aims to increase disposable income and lower costs for citizens, with estimated annual savings for households around €230. The government will continue to support businesses affected by the coronavirus.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Israeli Finance Minister Avigdor Liberman announced Tuesday morning that tariffs on fruit and vegetables will be abolished. The directive includes the immediate elimination of customs duties on a variety of fruits and vegetables (avocados, garlic, pods, beans, figs, pineapple, soft fruit, mushrooms and more). The remaining limits for fresh, frozen and preserved fruit and vegetables will be gradually reduced over five years to maintain local horticulture and allow for an adjustment period. Hamodia.com quoted Liberman as saying, "As we have promised, we will continue to work to increase the disposable income of Israeli citizens and reduce spending. significantly lower prices and lower prices for citizens. We will not forget the business owners, we will continue to help companies affected by the coronavirus and we will stand by them in times of crisis." The agrarian reform has been approved in the state budget for 2022 and will immediately lift tariffs on various fruits and ...
Source: AGF

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