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News The Gambia maintains excise tax on all imported cement

The Gambia maintains excise tax on all imported cement

Written by Global Cement staff 12 July 2024
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The Gambia: Minister for Trade, Industry, Regional Integration and Employment, Baboucar Ousmaila Joof, clarified in a parliamentary session that The Gambia has not increased taxes on cement imported from Senegal. The excise tax applies uniformly to all imported bagged cement to support local manufacturing. Despite challenges in penetrating the Senegalese market due to protectionist policies, The Gambia continues to promote regional trade through a trade liberalization scheme, enabling duty-free access across member states. The scheme has seen rising imports from Senegal, growing significantly from US$11.3m in 2018 to over US$44m in 2022. The minister emphasised the critical role of government support in sustaining the industry amidst challenges such as smuggling and high production costs.

The Minister said “Past studies of the manufacturing sector in the country found that more than 80% of the manufacturing units were operating less than 50% of their installed capacity due to high cost of energy, taxation and limited market space. To spur growth in the industry, the government has decided to support the industry by imposing an excise tax on the importation of bagged cement.”

Last modified on 17 July 2024
Published in Global Cement News
Tagged under
  • Gambia
  • Senegal
  • Tax
  • Import
  • bagged cement
  • trade
  • GCW668

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