Some food taxes to go in 3 weeks

canned corned beef IN ABOUT three weeks the reduction and removal of the Common External Tariff (CET) from several imported food items by this country, which should result in lower food prices for consumers on a number of products, is set to be implemented.Trade Ministry communications specialist Tanya Carr reported that the Trade Division was currently in a consultative process regarding the CET, to ensure that no local industries or production was hurt by its removal on produce.She noted that the purpose of the CET was to protect regional industries, and whenever it was adjusted it must be ensured that no domestic industries are harmed.Carr reported that the Trade Division had consulted with the Trinidad and Tobago Manufacturers Association and the various local chambers of industry and commerce, and was currently liaising with Agriculture Minister Arnold Piggott.She added that the CET adjustments would then be taken to the chief parliamentary council and then legislated.Among the products which consumer can expect a price reduction are herrings, sardines, tuna, chilled lamb, frozen/salted/brine beef, teas of all kinds, mackerel, baking powder, sunflower oil, soups and broths, active yeasts, canned corned beef, salted butter, condensed milk, red beans, cheddar cheese, lentils, baby formula and juices for infant preparation.