Tanzania: MPs demand scrapping exemption on imported crude palm oil
RBD Palm Oil
Sunflower Seed
Tanzania
Published Jun 22, 2023
Tridge summary
MINISTER for Finance and Planning, Dr Mwigulu Nchemba has dropped a hint on plans for East African Community Common External Tariff (EAC CET) on scrapping of imported crude palm oil tariff.
Original content
Dodoma — He said in the National Assembly on Tuesday that the government has heard members of Parliament's concerns over plans to exempt CET for imported crude palm oil. Presenting government's budget in the House last week, Minister Nchemba announced that the government planned to revert back to EAC CET rate of 0 per cent, instead of 25 per cent on Crude Palm Oil (CPO) to protect consumers' welfare against skyrocketing prices henceforth enhance economic growth. Members of Parliament expressed concerns over the plan, saying that will discourage sunflower farmers who had bumper harvest this year. Contributing to government's budget estimates for 2023/24 in Parliament on Monday they said plans to grant EAC CET exemption to CPO would hurt sunflower farmers who had bumper harvest this year after the government supplied them with improved varieties of seeds. The Magu Member of Parliament, Kiswaga Destery (CCM) said it was not fair for the government to exempt CET for imported crude ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.