The world’s biggest shipper of black tea should “reconsider the implementation of the 0.8% export levy and possible measures to mitigate its impact on key importing markets,” Pakistan Tea Association says in letter to the Tea Board of Kenya.
- The new levy is expected to increase costs by about $0.03 per kilogram, “which is significant given the prevailing conditions in Pakistan,” lobby says
- Additional financial burden on tea exports may have adverse impact on demand in the long term, “modest increases can lead to reduced consumption, which could ultimately affect the volume of Kenyan tea exports to Pakistan”
- NOTE: Pakistan ...