Tariff reductions made to boost retail sales

Shoes, boots, cosmetics and diapers among items to have duty rates slashed dramatically

Tariffs will be reduced on June 1 on a number of imported consumer goods, including shoes and boots, cosmetics, and disposable paper diapers, the Ministry of Finance announced on Monday.

Import duties are to be cut on suits and fur garments from the current 14 to 23 percent to 7 to 10 percent. Duties on ankle boots and sneakers are being cut to 12 percent from the present 22 to 24 percent, and on diapers they will drop to 2 percent from 7.5 percent.