Hiking import duties will not promote manufacturing or improve exports: Report ...Middle East

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Hiking import duties will not promote manufacturing or improve exports: Report
source : Devdiscourse ( Middle East ) () 40
Amid the government hiking import duties on a slew of products to help boost local manufacturing, a report on Monday pitched for lowering such levies, saying higher duties will not promote competitive manufacturing but may lead to inefficiency. Since the beginning of 2000, successive governments have been eyeing a quarter of the GDP to come from manufacturing by 2025 but not much has moved in that direction.

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