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Decree 3214 May Lead to Price Increases

Decree 3214 May Lead to Price Increases

Lebanon has issued Decree No. 3214, which imposes new environmental fees on imported goods in order to cover waste management costs, in accordance with the "polluter pays" principle. However, since over 80% of goods depend on imports, the true burden of these fees will ultimately fall on consumers through higher prices, leading to increased living costs and triggering a new wave of inflation. The government expects revenue from these fees to reach approximately $380 million, although experts fear that the actual increase could double due to trader manipulation.

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