English | دری

Prices of raw materials in Afghanistan on the rise amid high tariffs

in Afghan Business

Prices of raw materials in Afghanistan on the rise amid high tariffs

sugarThe Afghanistan Chamber of Commerce and Industries (ACCI) urged the government to bring down the tariffs level on raw materials.

The prices of raw materials have increased by 25%, raising concerns among the traders and consumers.

“The government levies taxes from 4-5% on foods like rice and sugar,” said Deputy Chairman of ACCI Khan Jan Alokozay.

The Chamber officials are concerned that such move will only pave way for smuggling of raw materials into the country.

Meanwhile, the Finance Ministry said the tariffs are meant to protect domestic production against foreign imports.

“We put high tariffs on foods coming from abroad in order to find market for domestic products. We decrease the tariffs back when we have sold our products. We have to support our farmers, and this is a principle of economy,” the Ministry of Finance Advisor Najibullah Manali said.



Related Articles

USAID provides USD 38mn for Afghan women capacity building

The United States Agency for International Development (USAID) is providing USD 38mn to fund a 5-year capacity building program for

WFP provides food to displaced families in Kabul

The UN-World Food Program (WFP) will begin distribution of winterization package in December to nearly 5,000 displaced families living in

Sequestration Threatens Afghanistan Reconstruction Effort

Professional Overseas Contractors (POC)-The Afghanistan Security Forces Fund and the Economic Support Fund for Afghanistan have roughly $6 billion in

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.