| 27 Mar 2010 |
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Lebanon may waive tariffs on hybrid cars
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27 March 2010
BEIREUT: The 2010 draft budget will include an item that will exempt companies and individuals from paying any import tariffs on hybrid cars.
Finance Minister Raya Hafar Hassan and Environment Minister Mohammad Rahal made this joint announcement after a meeting on Friday.
“Hybrid cars will be exempted from all import duties in an effort to encourage Lebanese own environmentally friendly vehicles,” Hassan told reporters at a press conference.
The new draft budget has not been sent yet to the Cabinet for approval.
“We discussed ways to cooperate between the Finance Ministry and the Environment Ministry in an attempt to control pollution,” Hassan said.
She added that the World Bank has warned in its last report that environmental deterioration will cost Lebanon $560 million annually.
“What is more important is that an environment disaster will have a serious impact on the health of the citizens in the country,” the minister said.
Hassan also disclosed that the ministry is studying a plan to replace the entire taxi fleet in Lebanon with environmentally friendly vehicles.
She admitted that revenues from tariffs on imported cars represent a big chunk of the government’s revenues.
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