Zimbabwe scraps food import tax

Published 2024년 4월 3일

Tridge summary

In response to a food security crisis worsened by an El Nino-induced drought, the Zimbabwean government has announced the removal of certain food import taxes starting in July. This policy change will see the reduction of import tariffs on key food items such as rice, corn, potato seeds, edible oil, and genetically modified corn used for feed. Additionally, the value-added tax on rice and potato seeds will be abolished to reflect their growing consumption and import dependency. These measures are designed to ensure the availability and affordability of essential food supplies, with stringent regulations on their processing and distribution to address the nation's food security concerns.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Herald reported on March 13 that the Zimbabwean government has abolished some food import taxes in order to mitigate the impact of the drought caused by the El Nino phenomenon and ensure national food security. The new measures will take effect in July and include import tariff reductions on rice, corn, potato seeds, edible oil and genetically modified corn for feed, and their processing and distribution will be strictly regulated. The cabinet also ...
Source: Foodmate

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