Government Approves Lower Tariffs for Several Manufacturing Sub Sectors

Manufacturers in the electronics, agriculture, meat processing and steel industries importing their key raw materials are set to enjoy lower tariffs after the National Economic Development Authority (NEDA) approved a recommendation to enhance the tariff reform program. These will lead to lower cost of inputs for manufacturers, like MDM (mechanically deboned meat) for canned meats, agri feedmills for farmers, infant formula, steel rails for light rail trains, and also inputs to IT and computers as part of the…

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