Apr 25, 2015 (LBO) - Sri Lanka’s import duties on potatoes and big onions have been increased, the Finance Ministry said in a statement.
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The import duty of one kilogram of potatoes has been increased from 40 rupees to 55 rupees while the import duty of big onions has been increased from 10 rupees to 30 rupees.
The taxes came into effect from Friday (24).
Farmers will have an opportunity to sell their harvest at a fair price with this import tax, the statement said.
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If the did this for sake of farmers, I wish they utilize the funds collect from the tax increase for the welfare of farmers…But I may be wrong, I never heard such ……
Protectionist measures do not help in the long run. It only increases the cost of living for the general public. Why aid the greed of a few while the rest of the country suffers for it? I thought we left such practices behind on January 9th. If the government wants to help these local farmers, get them to increasing efficiency to be more competitive with the international market. If they increase the quality of their produce or do away with inefficient habits, there is no doubt they can be productive. Protectionist measures just lead to farmers depending on the government without having the incentive to modernise their farming methods to increase yield.