Industry Disputes Introduced Tax on Sea Cucumbers
380 views · Published 12 December 2018 · 0:46 · Indexed 14 November 2026
Channel: EMTV Online · 2018 · News & Politics
Amongst their major revenue policy measures in the 2019 national budget, the PNG Government recently introduced an export tax on sea cucumber, or Beche-de-mer, for K15 per kilogram. Beche-de-mer, commonly known as sea cucumber, has been fished increasingly over the years for commercial purposes. PNG was reported as the third largest producer of sea cucumbers in 2004, supplying to China, Hong Kong and other Asian markets. PNG Fishing Industry Association President, Sylvester Pokajam, states that this introduction will do more harm than good and be detrimental to economic growth. The export tax will take effect in January 2019.
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