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Portugal spends €600 million to reduce basic food prices

Summary by Ground News
The pact for the stabilisation and reduction of food prices was signed by the government, the Portuguese association of retail distribution companies (APED) and the confederation of farmers of Portugal (CAP) The signed agreement also guarantees that products for consumer sale will have the VAT reduction reflected in the sale price.

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EURACTIVEURACTIV
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Portugal spends €600 million to reduce basic food prices

·Brussels, Belgium
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euractiv.deeuractiv.de

Portugal mobilizes 600 million euros to lower food prices

The abolition of VAT on basic foodstuffs and the simultaneous support for producers will cost Portugal around 600 million euros. These are the central elements of a pact against high food prices.

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  • 100% of the sources lean Left
100% Left
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EURACTIV broke the news in Brussels, Belgium on Tuesday, March 28, 2023.
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