GIS\u2013To reduce the impact of unprecedented freight increases due to the COVID-19 pandemic, the Government capped freight at the 2019 level on all goods imported into Grenada, with effect from October 1, 2022, for a six-month period.<\/p>\n
As a result of this relief measure, Government gave up $5.4 million in revenue.<\/p>\n
Now that freight levels have normalised, and are roughly back to the 2019 levels, Government will not extend this relief measure, which expired last Friday, March 31, 2023.<\/p>\n
The Government thanks the businesses who supported this policy and passed on the benefits from the lower freight costs to the final consumer.<\/p>\n
The public is reminded that several other cost relief measures, including the removal of VAT (Value Added Tax) on nineteen (19) food and other essential items and the $10 Electricity
\nSubsidy, remain in place consistent with the Government\u2019s commitment to tackle imported
\ninflation adversely affecting food and energy cost for citizens.<\/p>\n","protected":false},"excerpt":{"rendered":"
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