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July 30, 2016 / 24 Tammuz, 5776
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Bennett Slashes Import Duties on Dairy Products

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Custom duties on imported butter, yogurt and other dairy products will be drastically slashed in a move by Economy Minister Naftali Bennett to increase competition and lower prices.

Import taxes on some dairy prices account for as much as 100 percent of the final cost, according to Bennett, who also is chairman of the Jewish Home party. He said he expects importer to pass on the savings to customers.

Ironically, it was Bennett’s “odd couple” ally Yair Lapid, head of the Yesh Atid party, who capitalized on the “cottage cheese” protests of two years ago to draw widespread support for his party in the last Knesset elections.

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