Cabinet approves zero-rated import duties on basic food items to reduce food prices

In a significant move to alleviate the burden of rising food costs, the Cabinet of Antigua and Barbuda has approved the suspension of the Common External Tariff (CET) on a range of essential food items. This decision, effective from July 1, 2025, to June 30, 2026, will apply a zero percent import duty on key staples, ensuring more affordable access to basic necessities for consumers. The initiative, endorsed by CARICOM Member States, aims to provide immediate relief to low-income households and stabilize the domestic economy. Among the items benefiting from this policy are butter, potatoes, fresh fruits, cereals, cooking oils, canned meats, and baby foods. Hon. E.P. Chet Greene, Minister of Foreign Affairs, Trade, and Barbuda Affairs, emphasized the government’s commitment to easing the cost of living and enhancing food security. ‘This decisive step ensures that price relief reaches households directly while strengthening our food and nutrition resilience,’ he stated. The government also pledged to collaborate with regional and international partners to monitor market trends and implement further measures to support economic stability.