The government announced plans to more than double tax on used clothes and shoes in the new financial year as it seeks to cut down on cheap imports.
Presenting the budget, Rwanda’s Finance and Economic Planning Minister Claver Gatete pointed out the government has selected key sectors namely cement, sugar, rice and clothing where it believes local production can reduce current imports while ongoing export promotion efforts will be supported by the export promotion fund.
Rwanda’s Finance and Economic Planning Minister Claver Gatete said,
High priority will be given to economic activities which will either increase export revenues or reduce import volumes. The identified key sectors for fostering economic activity include textiles, garments and leather industry, agriculture export crops, agri-business, construction, livestock, wood industry, minerals, tourism and ICT and trade and investment facilitation
Read more. Source | East African