In Georgia, the additional duty on flour imports will be increased by 25%

Published 2023년 10월 3일

Tridge summary

The Georgian government has decided to increase the temporary import duty on wheat flour by 25% in order to support local producers. Deputy Minister of Agriculture, Tengiz Nasaridze, stated that the decision was made due to a growth in flour imports caused by unstable pricing and surplus harvests globally. Additional duties on the import of barley and bran will also be introduced.

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Original content

The Georgian government has decided to increase the temporary import duty on wheat flour by 25% to support local producers. This was announced by Deputy Minister of Agriculture of Georgia Tengiz Nasaridze. "In recent months, a trend has emerged in the growth of flour imports, caused by unstable pricing and surplus harvests in the world. Taking this into account, we decided to increase the import duty on [1 ton] of flour by 50 lari (about $19.2 - TASS note), which in total will be 250 lari (about $96 - TASS note),” Nasaridze said following the results of the last government meeting. The deputy minister also said that it was decided to introduce additional duties on the import of barley and bran in the amount of 100 lari (about $38.4) per 1 ton. According to Nasaridze, this will help local ...

Source: Zol