Tanzania set to upsurge sugar import duty

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As part of said changes in its Common External Tariff (CET), the Tanzanian government says it is ready to inflate consumption sugar import duty from 25 per cent to 35 per cent.

The country’s Minister for Finance and Planning, Dr. Philip Mpango disclosed this during the unveiling of the government’s 2018/19 budget.

The country’s 4 sugar manufacturers TPC in Kilimanjaro region, Kagera Sugar Limited in Kagera region, Mtibwa Sugar Limited and Kilombero Sugar Company in Morogoro region which produces 320,000 tonnes yearly are now expected to produce 450,000 tonnes.

The 130,000 tonnes which is filled through importation will become history with the domestic production of 450,000 tonnes.

The post Tanzania set to upsurge sugar import duty appeared first on AgroNigeria.

Source: AgricNews-Update

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