RADHICA DE SILVA
Senior Multimedia Reporter
radhica.sookraj@guardian.co.tt
The Government’s move to increase fines, customs duties and business-related levies has drawn mixed reactions from the business community, with stakeholders largely acknowledging the need for revenue generation and road discipline, but warning that poor communication and weak regulatory oversight could undermine public trust and economic stability.
Speaking to Guardian Media yesterday, Chaguanas Chamber of Industry and Commerce president Baldath Maharaj said the increased customs and port-related fees were relatively nominal when viewed against the overall value of imported goods.
“Some containers cost more than $100,000, so a small surcharge really will be neither here nor there,” Maharaj said, adding that with declining energy revenues, the Government must seek alternative revenue streams.
He said the chamber fully supports stricter penalties for road traffic violations, particularly driving without insurance.
“We have gotten way too relaxed as it relates to the road, the way we drive, and the documentation that we need to have.”
However, Maharaj agreed that the measures should have been communicated more effectively.
“It should have been discussed and implemented with adequate notice, rather than just having it as a legal notice, and then we have to read about it in the newspapers.”
On the new landlord surcharge, Maharaj said while some increases may occur, especially on the commercial side, competition in the rental market could limit sharp rent hikes. “Some landlords will absorb some of the cost and somewhat pass it on gradually.”
He also stressed that port efficiency must improve if fees are rising, citing delays, limited scanners, and overtime practices.
“It has to be a joint effort between the port and Customs to make them a lot more efficient,” he said.
Greater San Fernando Chamber of Industry and Commerce president Kiran Singh echoed similar sentiments, saying the increased taxes and fees were unlikely to have a major immediate impact on businesses.
“The fees were minimal,” Singh said, noting that landlords, in particular, may have to absorb some of the costs.
“The economy is just not as buoyant as it used to be, and landlords will have to take a cut in their profit.”
Singh added that while some landlords may resist, formal registration could ultimately be beneficial.
“Other countries and modern cities are implementing these things. It might be a positive thing to have a registry of landlords,” he said, pointing to the high volume of rental disputes currently clogging the court system.
Despite differing views, the two agreed that stronger governance, better communication, and fair enforcement would be critical to ensuring the new measures achieve their intended goals without placing undue strain on citizens and businesses alike.
