(Jewish Telegraphic Agency)
A new import tariff was promulgated in the “Official Gazette.” The new ordinance substitutes for the former ad valorem duty a specific duty in the case of many commodities. The new Tariff increases the duty on certain products manufactured in the country giving substantial protection in particular to the cement industry, oil products, and such products as chocolates and sweets. Luxuries, such as perfumeries, have an increased tax.
In commercial circles the opinion is prevalent that the new Tariff will stimulate several local Jewish industries and the action of the Government has been received with general favorable comment.
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
