LETTER: Import duties fail local industry

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Protectionism removes incentive to do better and holds back consumers from benefiting from global trade

Fred Hume’s conclusion that increased import duties have led to increased costs and not solved SA’s competitive issues, is spot on .

In this age of inflation, shortages and rapidly increasing costs, we should be doing everything we can to ensure that everyone can afford the necessities they need to survive. This means embracing policies that lead to drops in prices — not increases. The best thing they could do to help local industry is to create a friendlier business environment at home, while eliminating as much red tape as possible.

 

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