Foodstuff sector ‘will benefit’ from new customs tariffs

AMMAN — Representative of the foodstuff sector in the Jordan Chamber of Commerce Raed Hamadeh said the recent government decision to reform the customs tariff is the right step toward supporting the Kingdom’s supplies, according to Al-Mamlaka TV.اضافة اعلان

Hamadeh said on Monday that the decision contributes to enhancing the financial liquidity of traders and importers, which will translate in higher quantities of imported food commodities in the local market, especially helpful during the month of Ramadan, which usually witnesses an increase in food consumption.

Hamadeh also stressed the need to reduce the sales tax for restaurants that are not classified as tourist, to make them similar to that of tourist restaurants, saying that this would positively affect the prices paid by the citizens, in addition to stimulating tourism and sales.

Prime Minister Bisher Al-Khasawneh announced on Sunday that the Cabinet decided to reform customs tariff starting with April.

Jordan foodstuff imports are estimated at about JD4 billion annually; part of this is for raw materials for the industry, part is for consumption.


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