The Opposition is cautioning the sharp increases in food prices, compounded with current steep unemployment, could see many citizens, especially the vulnerable, suffering from severe nutritional problems.
The warning comes from Opposition Member of Parliament for Mayaro, Rushton Paray.
In a media release on Wednesday, MP Paray cited the Ministry of Trade and Industry removal of Value Added Tax on black pepper, condensed milk, turkey slices, and other obscure items.
MP Paray said the Ministry has also referred to “increased supply” of foreign exchange via the Exim Bank, even though this has had virtually no impact, with many importers still being forced to patronize the black market, resulting in higher prices on supermarket prices.
The Opposition MP claimed other countries are moderating prices by improving domestic food production, launching “buy local” campaigns, removing non-tariff trade barriers, and assisting the aged and single mothers.
MP Paray called on nationals to speak out against the absence of effective action, and demand the implementation of a wide number of practical steps to restrain the soaring cost of living.
Mr Paray claimed inaction by the authorities could lead to a major food price epidemic.
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