Trade ministry reduces list of required import-export licenses

The Ministry of Trade has released a circular stipulating regulations required import export licensing. Under the circular, as of May 1, 2006, only eight categories of products will require licenses from the Ministry of Trade for import or export.
As for exports, apparel exported to the US will be exported in accordance with the quota volume to be allocated to garment producers. Apparel products exported to other markets will see no limitation and will be exported as demanded.
As for imports, the Ministry of Trade will retain strict control over the import of substances that may badly affect the ozone layer, two-wheel or three-wheel motorbikes with cylinder capacity of 175 cubic centimetre or higher, and guns and ammunition.
The ministry will also grant licenses for the import of four categories of products, including salt, uncut tobacco, poultry, eggs, and sugar. The imported volume of these products will be announced annually by the ministry.

 

Category: Legal