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July 3 2022 11:42 AM ˚
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Reducing customs duty on some imported food commodities mulled

food
The Jordanian food sector constitutes 30 percent of the volume of the commercial sector, which counts over 50,000 large and small enterprises. (Photo: Pixabay)
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AMMAN — A government source said the Ministry of Finance conducted a study for the purpose of reducing customs duties on a group of imported basic food commodities, according to Al-Ghad News.اضافة اعلان

The source said that the study is part of measures taken by the government to mitigate the impact of the global rise in commodity prices and freight rates has on the local market and that the commercial sector has recently submitted lists of basic food commodities to the Ministry of Finance to that end.

Finance Minister Mohamad Al-Ississ confirmed that the government would not impose any taxes or fees during the coming period, stressing the ministry’s readiness to study the request of the commercial sector to have fees imposed on basic food commodities reconsidered in order to ease the burdens on citizens.

Minister of Industry, Trade, and Supply Youssef Al-Shamali said the government was conducting a study on the steps to be taken to facilitate food import procedures and reduce costs.

He said that the measures the government is currently considering will be submitted to the Cabinet soon; among  them, reducing the fees for laboratory tests of food items, allowing the private sector to store goods, at cost, in the warehouses of the Jordanian General Company for Silos and the warehouses of the Ministry of Industry and Trade, exempting shipping agents and shipping lines from quarantining shipping containers and assigning the Ministry of Transport and the Maritime Authority to follow up on complaints and observations received from importers, increasing work efficiency and speeding up the completion of customs transactions.

Shamali said "the prices of food commodities in global markets are witnessing a rise due to the increased demand from various countries of the world and the imposition of export duties by producing countries," adding that Jordan imports nearly 80 percent of its food needs, which means that any fluctuation in prices globally will be reflected locally.

He also stressed that the ministry is constantly following up on changes in prices in the local market, as well as global price indicators, to control the market and protect the consumer.

The Jordanian food sector constitutes 30 percent of the volume of the commercial sector, which counts over 50,000 large and small enterprises employing approximately 250,000 workers throughout the Kingdom.

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