Senate Debates Import Duty Changes Amid Cost-of-Living Concerns

The senate met today in Belmopan with several bills reviewed.  A part of the morning session centered on proposed changes to import duties, particularly, the Customs and Excise Duties Amendment Bill, 2025.  In his presentation, Lead Government Senator Eamon Courtenay outlined that the bill specifically addresses duty rates on soups, broths, and noodles. He explained that the measure is designed to support local production, particularly with a ramen manufacturing facility already established in Belize. According to Courtenay, adjusting the duty structure would make local products more competitive, while also creating jobs and stimulating economic activity.  But while the government framed the amendment as a step toward economic growth and import substitution, opposition voices questioned whether ordinary Belizeans are in a position to benefit.  UDP Senator Patrick Faber used his contribution to highlight concerns about declining purchasing power and rising poverty levels, arguing that many citizens are already struggling to afford basic goods.

Faber maintained that any adjustment to duties must be carefully considered against the economic pressures currently facing households across the country.  Meanwhile, Church Senator, Louis Wade Junior, signaled his support for the bill, but cautioned that broader economic challenges cannot be ignored. 

The bill now moves forward in the legislative process as discussions continue on its potential impact across the economy.  We will have more from today’s Senate meeting in tomorrow’s newscast.