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GCC officials ponder raising steel import tariffs

November 7, 2018

KUWAIT CITY, Nov 6, (KUNA): Gulf Cooperation Council finance undersecretaries on Monday primarily discussed raising steel import tariffs and selective tax a day ahead of ministerial talks on these matters.

Reports on increasing these tariffs, expanding the scope of selectively taxed products and amending the minimum selective fees on tobacco products were among the topics raised at the talks.

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The officials referred the issue of medicine and medical supplies, which fall under the zero-tax policy, to the Health Ministers’ Committee, which will unify standards on the matter across all six countries