Government Holds Consultation to Discuss Cost of Living Issues

Basseterre, Saint Kitts and Nevis, July 12, 2023 (Press Secretary, PMO)- The Government of St. Kitts and Nevis, within the context of the Revised Treaty of Chaguaramas established in the Caribbean Community (CARICOM) including the Caribbean Single Market and Economy (CSME), has taken the necessary steps to address the applicable Common External Tariff (CET) on a list of goods that comprised the Family Shopping List.

The CET is a single tariff rate agreed to by all members of the CARICOM on imports of a product from outside the CARICOM region.

An invitation was extended to various business owners to attend a consultation on Wednesday 12th July 2023 at the St. Kitts and Nevis Customs and Excise Department’s Conference Room.

The overall objective of the consultation was for stakeholders, to discuss measures that will ensure Saint Kitts and Nevis realigns itself with the provisions of the Revised Treaty of Chaguaramas, while still establishing parameters to assist with the reduction of food prices within the Federation.Government officials, including Prime Minister of Saint Kitts and Nevis and Minister of Finance, the Honourable Dr. Terrance Drew; Senior Minister and Minister of Commerce and Consumer Affairs, the Rt. Honourable Dr. Denzil Douglas; and Ambassador to CARICOM, His Excellency Larry Vaughan, met this morning with representatives of major food suppliers and traders in Saint Kitts and Nevis in an effort to find solutions to reduce the cost of food in the supermarkets.