THINKBUSINESS AFRICA WARNS CETA BILL COULD PUSH UP CONSUMER PRICES

ThinkBusiness Africa has raised concerns over the proposed amendment to the Customs, Excise Tariff, Etc. Act, warning that the changes could lead to higher prices for consumers without providing clear evidence of significant health benefits. The organisation urged lawmakers and policymakers to carefully assess the possible economic and public-health consequences before proceeding with the proposed legislation.

According to ThinkBusiness Africa, additional taxes and duties could increase the cost of producing and distributing affected products. Businesses may eventually transfer those higher costs to consumers through increased prices, placing additional pressure on households already dealing with rising living expenses and reduced purchasing power.

The organisation also questioned whether the proposed tax measures would achieve their intended health objectives. It argued that policies aimed at changing consumer behaviour should be supported by credible evidence showing that they would produce measurable health improvements rather than simply increasing the cost of goods.

ThinkBusiness Africa further urged the government to consider the impact of the proposed changes on manufacturers, retailers and other businesses across the supply chain. It said policymakers should examine how the measures could affect production costs, investment, employment and the overall business environment before making a final decision.

The organisation called for broader consultation with relevant stakeholders and a thorough assessment of the proposed CETA amendments. It said any new tax or tariff measure should strike a balance between public-health objectives, consumer affordability and the need to maintain a sustainable business environment.