04 January 1403 at 12:31
With the proposal of the Secretariat of the High Council of Free Zones and the approval of the Council of Ministers, the limit on the price of car imports to the free zones was lifted. What are the new import conditions?
Yesterday, during the review of new car import regulations, paragraph 3 of article 6 was amended at the suggestion of the Secretariat of the Supreme Council of Free and Special Economic Zones and by the order of the Council of Ministers. The price ceiling for car imports has many disadvantages for the market and destroys the efforts of importing companies. On the other hand, companies should look at the price factor for imports, not the quality and durability of cars; Therefore, this paragraph needed to be amended.
Removal of the limit on the price of car imports to free zones
Of course, there is an import price ceiling for other regions, and only the import of passenger cars and vans to commercial-industrial free zones is allowed within the framework of the rules and regulations of the mentioned zones and this regulation. Clause 3 of Article 6 of the regulation, before the amendment, was as follows:
The import of passenger cars to commercial-industrial free zones is allowed subject to the import of hybrid and electric vehicles up to 40,000 euros within the framework of the aforementioned laws and regulations and this regulation.
What the Council of Ministers has amended in yesterday’s meeting is granting permission to import vans to commercial and industrial free zones, as well as removing the condition that imported products must be hybrid and electric. On the other hand, the condition below 40,000 euros has been removed, which means that active companies with a more open hand can introduce any type of car they want to the market. Do you think that the amendment of this paragraph will help the import situation at the macro level?
Latest Passing over countries : Spain | Dominica | United Arab Emirates
RCO NEWS
