The Government of Georgia imposes a temporary customs duty on import of wheat flour starting from today to support increasing the competitiveness of domestic producers and promote their sales on the local market.
Minister Otar Shamugia said the tax would enter into force on June 10, and noted local production had increased by 60 percent over the last two years in a dynamic that was expected to be maintained.
The local wheat production has increased by 60% over the past two years, the upward trend is expected to continue in the future.
“Next week, a draft resolution will be submitted to the government for consideration, according to which additional duties on flour imports for a period of five months will be introduced. We’ll track the market trends and take appropriate steps. Currently, our main task is to keep the prices on bread the same and boost the development of local business,” Otar Shamugia says.
