Maltese industry has to pay around 44% higher costs for transportation, with the Nationalist Party stating on Friday that this pushes up the price of products by 6%. The Opposition is insisting that there is an urgent need to help Maltese industry compete on a level playing field with European competitors.
Peter Agius, the party’s chief spokesperson, visiting a factory in the Marsa industrial estate. Along with PN candidates Joseph Grech and Stefan Caruana, Agius said that a new Nationalist government would immediately address the competitive disadvantage faced by factories, companies and importers. This would be done through the implementation of a support system which alleviates said disadvantages.
This would occur through the examination of quotations which compare the export of pallets of products from Malta against those exported from Sicily to France. The difference on one consignment of the same weight meant a difference of €1,600 of added price on Maltese product. Agius said that when it comes to delivery of pharmaceutical products, this has an impact of 6%.
Agius highlighted how this indicates that Maltese product should already be 6% cheaper to even begin to compete. The impact of transport price would also be much greater on lower value manufacturing products. Grech said that it is ‘fundamental that our country launches a support for exports and imports because only in this way will we be able to reach a level playing field for Maltese manufacturing.’
Caruana on his part said that the impact of transport prices means high prices for the Maltese consumer as well. This leads to direct employment impact as the industry is under pressure due to the transport prices, making it harder to invest in better wages and conditions.
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