Sana'a - Saba:
The two ministries of Finance, Economy, Industry, and Investment announced to the investment sector and productive families the issuance of the first joint decision by the two ministries to protect and encourage local production.
A statement issued by the two ministries, a copy of which was received by the Yemeni News Agency (Saba), explained that the joint decision is based on Investment Law No. 3 of 1446 AH/2025 AD and other relevant laws that include important measures to encourage and protect local production. It also includes the program of the Government of Change and Construction approved by the House of Representatives, in conjunction with the implementation of approved privileges and incentives for local industries.
The decision includes a ban and final prohibition on the import of certain goods and commodities that have a local equivalent that fully meets the needs of the local market with the best quality and competitive price, effective August 1, 2025.
The statement indicated that the decision includes ready-made canned liquid dairy products, non-natural juices (flavored syrup), healthy mineral water, paper towels, ready-made sponges, galvanized iron poles, hollow iron pipes and tubes, flat products made of hangar iron, daggers, and belts used for whipping.
The final ban and prohibition decision also includes restricting import quantities, amending customs tariffs, and collecting taxes on certain imported goods that do not have a local equivalent that covers a significant portion of market demand, starting July 1, 2025.
The statement clarified that the goods subject to import quantity restrictions, customs tariff adjustments, and tax collection include "raw mango pulp, tomato paste and sauce, ready-made canned juices, soda water, ready-made refined sugar, baby diapers, ready-made canned legumes, halva, ready-made cartons, plastic pipes for water networks, women's bags and purses, packaging bags, plastic bottles and caps, and ceramic tiles."
The two ministries urged importers of these goods to consult the Foreign Trade Sector at the Ministry of Economy and the Customs Authority for details and to adhere to the effective date of the ban and restrictions. They noted that there is a comprehensive program in place to manufacture the quantities required by importers through local factories and using the importers' approved brands, preserving their interests, in accordance with prior discussions with them.
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