Lapid Lowers Import Duty on Grapes
November 26, 2014Although they are considered a summer fruit, grapes are likely to show up on Israeli store shelves this winter – and are likely to cost less than they have in the past. The new batch of cheaper grapes comes courtesy of Finance Minister Yair Lapid, who on Wednesday signed an order slashing the import duty on grapes.
Duty on table grapes – those meant for eating – is now 45% lower than it had been. A kilogram of imported grapes will now cost one shekel wholesale, compared to the NIS 1.84 they had cost previously. The duty cut applies to all varieties of grapes from any country approved for agricultural imports all year – except for during April and May, when the old duties will be restored in order not to overly compete with Israeli grape growers, who harvest and sell most of their produce during those months.
A Finance Ministry spokesperson said that the importance of the move went beyond lowering the price of grapes; Lapid, said the spokesperson, is interested in the impact of lower import duty on agricultural products on local prices. If the lower prices have the desired effect, the move could be expanded to many other agricultural products.
The lower duties on grapes will remain in effect through at least the end of 2016, the Ministry said.
Similar posts
-
How Israel Helps Its Arab Neighbors
September 27, 2023Introduction Israel, a country known for its rich history and complex geopolitical landscape, ha...
-
The Amazing Country of Israel
September 15, 2023Introduction Nestled in the heart of the Middle East, Israel is a nation with a remarkable histo...
-
Israel Safeguards The World From Terror Attacks
August 23, 2023Introduction In an era where terrorism poses a significant threat to global security, Israel sta...
-
Israel Helps The World With Water Recycling
August 10, 2023Introduction In a world grappling with the challenges of water scarcity and resource management,...
-
Israel's Remarkable Female Soldiers
July 26, 2023Introduction When we think of the Israeli military, we often conjure up images of well-trained s...
-
About Gal Gadot's Cleopatra Movie
July 18, 2023By Katy Rath Gal Gadot's new Cleopatra movie has been steeped in both anticipation and controver...
-
Israel Empowers The World Through Innovation
July 10, 2023BY: SOLVE ISRAEL'S PROBLEMS Introduction:In recent years, Israel has emerged as a global powerho...
-
The Jerusalem Embassy, 5 Years Later
May 22, 2023By Nikki Haley On May 14, 2018, something incredible happened. The United States...
