Search JTA's historical archive dating back to 1923

New Palestine Tariffs Not Yielding Expected Benefits

October 17, 1930
See Original Daily Bulletin From This Date
Advertisement

The recently enacted tariffs on food products have not had the desired effect of protecting Palestine agriculturists or of bolstering the Palestinian agricultural market, the Hebrew daily, Doar Hayom, points out in noting that the price of wheat here has slumped to below the prewar level. The present prices are also lower than those existing before the tariffs became operative. The Doar Hayom claims that the fall in wheat prices has bankrupted many Arab wheat merchants who have been seriously hurt by the world economic depression.

Last July, following the recommendations of a special agricultural committee, the Palestine government increased by fifty percent the tariff on wheat flour and seminola, regulated the importation of wheat flour and seminola under a system of licenses controlled by a permanent committee for commerce and industry, banned the importation of unrefined olive oil until further notice and reimposed a tariff on sesame seeds.

Recommended from JTA

Advertisement