SAWT BEIRUT INTERNATIONAL

| 6 October 2022, Thursday |

Will cars’ prices soar up insanely?

Minister of Industry, George Bushekian, announced via an exclusive interview with Sawt Beirut International that the increase in car prices will be temporary, because the state needs revenues and re-activation of the state sector.

Bushekian stressed that everything related to the consumer directly, such as foodstuffs, will be exempted from customs, except for the goods produced in Lebanon, explaining that everything that is not manufactured in Lebanon, will not be subjected to customs, and everything manufactured in Lebanon, will be subjected to increased taxes, in order to protect the national industry, because this matter is essential to the economy.

He also gave examples of items exempted from customs’ duties, such as tea, coffee, medicines, medical supplies, food supplements, baby formula and other basic commodities. He stressed that the goal today is for the consumer not to be affected, stressing that there are no customs duties on basic commodities.

Source: Sawt Beirut International