There has been significant concerns raised by PNG manufacturers on the stiff competition coming from imported goods. Hence, the Government in an effort to support local manufacturers increased import tariffs on certain tariff items. This Bill is expected to reduce health related issues, enable local manufacturers to compete with foreign manufacturers, increase economic activities and create employment for the local.
These amendments have a significant impact on the import and export markets of PNG. Hence for people who intend to conduct business activities in Papua New Guinea is recommended to visit the official PNG government website.
Details information available : http://www.treasury.gov.pg/html/national_budget/files/2018/Tax%20Bill/Customs%20Tariff%20(2018%20Budget)%20Bill%202017%20.pdf
