LETTER: Import duties fail local industry

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Ireland News News

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New index measuring business results a game changer for PRThe PR industry has long grappled with how to measure its work, with growing criticism of the industry’s tendency to focus on vanity metrics like advertising value equivalents
Source: FinancialMail - 🏆 20. / 63 Read more »

New index measuring business results a game changer for PRThe PR industry has long grappled with how to measure its work, with growing criticism of the industry’s tendency to focus on vanity metrics like advertising value equivalents
Source: FinancialMail - 🏆 20. / 63 Read more »