In a significant move to alleviate the financial burden on households, the government has temporarily suspended the Common External Tariff (CET) on a wide range of essential food items. This decision, part of a CARICOM-wide initiative, aims to mitigate the effects of rising global food prices and provide immediate relief to consumers. Maurice Merchant, Director General of Communications, announced during a post-Cabinet press briefing on Thursday that the suspension is expected to lead to noticeable price reductions within weeks. However, he cautioned that the timeline could vary depending on how quickly supermarkets deplete their existing stock, typically taking one to two months for the changes to reflect on store shelves. The Prices and Consumer Affairs Division has been tasked with monitoring compliance and reporting back to Cabinet within 30 days to ensure that the price reductions are effectively passed on to shoppers. The list of items benefiting from the tariff suspension includes fresh vegetables, fruits, potatoes, carrots, peas, legumes, canned proteins like sardines and corned beef, infant foods, cereals, and cooking oils. Merchant emphasized that the measure will be fully implemented by January 1, pending the finalization of necessary documentation. Additionally, the government is considering expanding the list of zero-rated items and introducing complementary legislation early next year to restrict sugary drinks as part of a broader healthy-living campaign. The Gaston Browne administration remains steadfast in its commitment to ensuring that the benefits of these policy interventions are directly felt by the people of Antigua and Barbuda, through lower prices and enhanced food security.
Consumers May Soon See Price Drops From Suspension Of CET on Essential Foods
