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Parliamentarians approve duty breaks

MPs passed a bill last night allowing registered farmers to import machinery without paying duty. And sporting bodies and community groups importing goods and materials for renovation will also pay no duty.

Finance Minister Paula Cox said Government wanted Bermuda to be as self sufficient as possible in feeding its population.

She said: ?Although it is not possible to grow all of the food that this country?s population consumes, this concession will encourage farmers to grow more, thereby reducing our dependence on imported food.?

The break on materials for sporting bodies will help improve facilities and encourage more youngsters to develop teamwork and discipline through sport said Ms Cox.

?Acquiring these attributes will not only make them better athletes but will also make them better citizens.?

She explained the Director of the Ministry of Community Affairs and Sport would define which clubs and organisations were eligible for exemption. Government also fined tuned the right of businesses to import samples duty free. Samples must be of negligible value, cannot be resold and must bear a stamp saying ?sample?.

Ms Cox said it would help small businesses launch new products and promote entrepreneurial spirit. Other changes made in the Customs Tariff Amendment Act 2005 allow fresh greenery to be imported at a reduced rate of 22 percent in line with previous duty reduction made for cut flowers.