Business And Markets

Gov’t Tightens Export Rules

Gov’t Tightens Export Rules  Gov’t Tightens Export Rules

The government announced limits on the amount of export by owners of new commercial cards. The decision was approved by the Cabinet earlier in the month and sent to relevant administrative bodies on Thursday. 
Accordingly, exporters who got their commercial cards recently can export not more than $500,000 during the first year of their activity. 
Likewise, new export companies will be able to export goods worth $2 million in the second year, IBENA reported. Manufacturing units that export are exempt from such limits. 


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment