Tariff reduction did not affect local prices say merchants

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(Photo: Jordan News)

AMMAN — The government’s review of the customs tariff has not had a positive impact on the price of products in the local market, merchants and importers contended on Saturday, according to Al-Mamlaka TV.اضافة اعلان

Head of the Syndicate of Restaurant and Sweets Shop Owners Omar Awwad and president of the Textile and Readymade Clothes Syndicate Sultan Allan said that consumers noticed little difference in prices from the change in tariffs because the international prices rose.

A director in a supply institution pointed out that reducing the customs tariff maintained the prices of many products in the local markets, despite their increase in the countries where they were made, adding this is a result of the high prices of raw materials, cartons, production costs, and shipping charges.

Amman Chamber of Commerce clothing sector representative Asaad Qawasmi contended that lowering the customs’ tariff with the increase of the international prices led to the prices’ stability in the local market, in consumers’ favor. He added that the sector’s prices are similar to the prices of previous years.

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