Finance Minister Mohamed Maait has stressed the government’s commitment to speeding up the customs clearance process for strategic items, such as pharmaceuticals, petroleum products, and fuel, as well as production supplies for priority sectors. He said this would help facilitate trade, increase production, support national industry, secure the state’s strategic stockpile, and enhance the availability of essential commodities in the local markets.
Maait said in a statement from the Finance Ministry today, Saturday, that from January 2023 to mid-October of this year, various goods worth $56.7bn were cleared from customs. These goods included strategic items worth $15.1bn and production supplies and services worth $26.2bn, reflecting the efforts to reduce the clearance time, lower the costs of import and export operations, and stimulate investment amid the current global economic…
