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January 28: The government is preparing to impose additional tariff on sugar imports in a bid to protect the domestic sugar industries, which are on the verge of collapse.
The fall in price of sugar in the international market has affected the local sugar industries as they are unable to compete with the imported sugar. Following complaints from the sugar producers of the country, the government decided to increase the customs duty on sugar imports.
Currently, the government imposes 15 percent customs duty on sugar. Preparations are underway to increase the tariff to 35 percent, informed Joint-Secretary Mukunda Prasad Poudyal of the Ministry of Supplies. The ministry is consulting with other concerned ministry regarding this issue, according to Poudyal. The Ministry of Agriculture Development had initiated talks with various ministries to increase the tariff. Sources at the ministry informed that the ministry has written letters to the ministries of industry, supply, commerce and finance to impose higher tariff on sugar imports in order to encourage local sugarcane producers.
Although the increase in tariff on sugar imports would benefit the local sugar industries and sugarcane producers, the consumers will have to pay a higher price for sugar.
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(int) 0 => array(
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'hit' => '940'
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include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
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'Article' => array(
'id' => '7445',
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'title' => 'Government Preparing to Increase Tariff on Sugar Imports',
'sub_title' => '',
'summary' => 'January 28: The government is preparing to impose additional tariff on sugar imports in a bid to protect the domestic sugar industries, which are on the verge of collapse.',
'content' => '<p>January 28: The government is preparing to impose additional tariff on sugar imports in a bid to protect the domestic sugar industries, which are on the verge of collapse.</p>
<p>The fall in price of sugar in the international market has affected the local sugar industries as they are unable to compete with the imported sugar. Following complaints from the sugar producers of the country, the government decided to increase the customs duty on sugar imports.</p>
<p>Currently, the government imposes 15 percent customs duty on sugar. Preparations are underway to increase the tariff to 35 percent, informed Joint-Secretary Mukunda Prasad Poudyal of the Ministry of Supplies. The ministry is consulting with other concerned ministry regarding this issue, according to Poudyal. The Ministry of Agriculture Development had initiated talks with various ministries to increase the tariff. Sources at the ministry informed that the ministry has written letters to the ministries of industry, supply, commerce and finance to impose higher tariff on sugar imports in order to encourage local sugarcane producers.</p>
<p>Although the increase in tariff on sugar imports would benefit the local sugar industries and sugarcane producers, the consumers will have to pay a higher price for sugar.</p>
<p> </p>
',
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'created' => '2018-01-28',
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(int) 0 => array(
[maximum depth reached]
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'Article' => array(
'id' => '7445',
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'title' => 'Government Preparing to Increase Tariff on Sugar Imports',
'sub_title' => '',
'summary' => 'January 28: The government is preparing to impose additional tariff on sugar imports in a bid to protect the domestic sugar industries, which are on the verge of collapse.',
'content' => '<p>January 28: The government is preparing to impose additional tariff on sugar imports in a bid to protect the domestic sugar industries, which are on the verge of collapse.</p>
<p>The fall in price of sugar in the international market has affected the local sugar industries as they are unable to compete with the imported sugar. Following complaints from the sugar producers of the country, the government decided to increase the customs duty on sugar imports.</p>
<p>Currently, the government imposes 15 percent customs duty on sugar. Preparations are underway to increase the tariff to 35 percent, informed Joint-Secretary Mukunda Prasad Poudyal of the Ministry of Supplies. The ministry is consulting with other concerned ministry regarding this issue, according to Poudyal. The Ministry of Agriculture Development had initiated talks with various ministries to increase the tariff. Sources at the ministry informed that the ministry has written letters to the ministries of industry, supply, commerce and finance to impose higher tariff on sugar imports in order to encourage local sugarcane producers.</p>
<p>Although the increase in tariff on sugar imports would benefit the local sugar industries and sugarcane producers, the consumers will have to pay a higher price for sugar.</p>
<p> </p>
',
'published' => true,
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'description' => '',
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117