The government of Montserrat has further lived up to its promise to ease the cost of living pressures on residents here.
On August 14th the Cabinet issued the Customs (Control and Management) (Amendment of schedule) Order.
This means that for the three-year period, September 1, 2025 through March 31, 2028 only 50% of transport costs and 50% of loading and handling charges will be added to the purchase price of goods imported.
In July this year the Government of Montserrat had announced a 50% reduction in freight tariffs across the board in a move to reduce the cost of living for residents.
Premier, and minister for finance and economic management, the Honourable Reuben T Meade had confirmed the reduction on a “What’s on Your Mind” radio Programme.
Premier Meade said then that the island’s cost of living is largely shaped by international factors, and as such, he urged residents to reconsider their consumption habits and utilize more local products.