New customs procedures to have cascading positive impact

Yousef Al-Shamali
Minister of Industry, Trade, and Supply Yousef Al-Shamali. The new customs measures are intended to strike a balance between goods facilitation and quality controls. (Photo: Petra)
AMMAN — Minister of Industry, Trade, and Supply and Chairman of the Board of Directors of Jordan Standards and Metrology Organization Yousef Al-Shamali said in a statement on Tuesday that the board decided to amend the mechanism of financial guarantees provided to the organization for the release of imported goods, according to Al-Mamlaka TV.اضافة اعلان

He said the reduction of the financial guarantee for customs transactions registered with the organization will be 5 percent for each customs declaration, subject to the requirements of this mechanism, instead of the 30 percent and 20 percent previously paid for importers’ transactions and release of certain imported goods.

This decision is another measure taken by the government to enhance the competitiveness of the national economy and support the industrial and commercial sectors, particularly, and is expected to reduce import costs and the time taken to complete customs transactions, and to speed up the release of goods from customs to merchants’ warehouses.

According to the statement, the measures will not stop the application of Jordanian standards and technical rules pertaining to products imported through customs ports, rather, they are meant to achieve a balance between facilitation and control in a way that provides safe and quality goods to consumers. They will also have a positive impact on suppliers, industrialists and workers in the fields of shipping, clearance, and customs, where the value and percentage of financial guarantees will be lower and clearer, facilitating their activities and work, simplifying and clarifying procedures, and improving Jordan's performance in international indicators concerned with measuring the ease and speed of business, which will enable the Kingdom to attract additional investments and economic activities.

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