The Cabinet of Ministers has approved the submission of the Import and Export (Control) Regulations No. 7 of 2024 and the Standardization and Quality Control Regulations, both issued under the Import and Export (Control) Act No. 1 of 1969, for the approval of the Parliament.
The Import and Export (Control) Regulations No. 7 of 2024 introduces controlled import of motor vehicles for tourism purposes, following the temporary suspension on motor vehicle imports as per the Import and Export (Control) Regulations No. 2 of 2023.
On April 1, the Cabinet approved the import of 250 small buses and 750 vans for tourism, in line with a proposal by the Minister of Tourism and Lands. The approval was granted with a view to boost tourism sector activities in the country.
Additionally, the Cabinet has approved new regulations designed to promote efficient and safe trade transport while ensuring fair opportunities for both local and non-domestic products.
These regulations, published in an extraordinary gazette, are intended to facilitate a balanced and effective trade environment, the Government said.
The proposal for these new regulations was presented by the President in his capacity as the Minister of Finance, Economic Stabilization, and National Policies.
The regulations will soon be submitted to Parliament for approval, in the Government’s effort to strengthen the regulatory framework for imports and exports. (Newswire)
