P-Ng Can Expect To Pay More
p. 10 · Read in the full issue
Papua-New Guinea can expect some tariff increases this year. The increases were foreshadowed by the Territory's Director of Trade, Mr. G. D. Cannon, at the February sitting of the House of Assembly.
IN reply to Mr. Percy Chatteron (Central), who asked had any decision been made on an application to bring cheap radios into the Territory duty-free so as to benefit New Guinean radio listeners, Mr.
Cannon said this matter was part of an extensive review of tariffs which was currently going on following the recommendations on p.p. 383-5 of the World Bank Mission report.
The relevant sections of the report
recommend an increase in import duties of about 15 per cent., applied selectively, and that a general review of import duties be undertaken on the basis that more revenue will be needed. It adds: “Imported com modifies sold preponderantly to indigenes should not be excluded.” ...
The World Bank Mission also recommended that reintroduction of export duties be “seriously con sidered”.