House to cut new tar­iffs, in­fla­tion set to rise

Financial Mirror (Cyprus) - - FRONT PAGE -

The tar­iff wars seems to con­tinue as par­lia­ment is ex­pected to cut the level of tar­iffs re­quested by the gov­ern­ment, while the new pro­pos­als are ex­pected to boost in­fla­tion, ac­cord­ing to the Cyprus Fi­nan­cial Mir­ror is­sue 141, on De­cem­ber 20, 1995.

The EU has ex­pressed reser­va­tion over par­lia­ment’s de­sire to cut the tar­iffs as part of the new Cus­toms agree­ment, adding that it does not want to flood the Cyprus mar­ket with Euro­pean goods, but the is­land must also ac­cept the in­creased

Tar­iff cuts:

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