Chamber of Deputies passes bill that sets zero taxes on food staples
The ruling Modern Revolutionary Party (PRM) used its majority in the Chamber of Deputies to pass a bill submitted by the Presidency that calls for zero taxes on several food staples. The bill had the backing of the president of the Chamber of Deputies, Alfredo Pacheco (PRM-National District).
The intention is to mitigate inflation and counteract the external supply shocks that are causing significant increases in prices here. The bill eliminates import tariffs on 67 products. It will be in effect for six months as of its passing in the legislature and imports will need to be approved by the National Agriculture Committee (Comisión Nacional Agrícola).
The Association of Milk Producers, the Poultry Association, and others protested the passing of the bill.
The initiative passed with a vote of 102 in favor and 67 against. Those who voted against it insist the bill will affect local producers.
Source: Hoy
Apr 11, 2022
Category: DR News |