Applying import taxes to bring higher prices

Pressing for the suspension of the imposition of long unenforced import taxes on a range of raw materials, the Guyana Manufacturing and Services Association (GMSA) yesterday warned that consumers could soon be paying more for goods and services.

“It is imperative that manufacturers, and more importantly the purchasers of products, be cognizant of the fact that this requirement would result in higher prices for products and services. This decision has a direct impact on the ‘end users’ as products and services which they normally utilize would become more expensive,” GMSA President Eon Caesar was quoted as saying in a statement issued by the organisation after a stake-holders meeting yesterday…..