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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