By BUUMBA CHIMBULUGOVERNMENT should consider import substitution which will promote locally produced products as it looks to provide more tax relief measures to businesses, Zambia Chamber of Commerce and Industry (ZACCI) has said.Finance Minister, Bwalya Ng’andu, last week said he would soon announce more tax relief measures for the business community meant to ease pressure caused by the current COVID-19.The measures will be in addition to the recently announced interventions which were put in place three weeks ago, such as suspending the five percent duty on the importation of copper concentrates and export duty on precious metals in the mining sector.Responding to this announcement, ZACCI president, Chabuka Kawesha, said import substitution measures were unavoidable as it would promote local products.“So it is important that as Government looks at additional measures import substitutions, where locally produced goods and services should be allowed to lead the way,” Dr Kawesha stressed in an interview.Dr Kawesha said the locally […]
Incentivise local producers – ZACCI
