Pre-Trading Thoughts

The letters of credit system for imports will be cancelled within two months in coordination with the CBE. The Trade and Industry Ministry will focus on no more than seven priority sectors. These include chemicals, engineering, textiles, building materials, food and agriculture, meds, and furniture. The incentives include a 55% tax cut on income generated by projects in the sectors, to be rebated within 45 days of the tax return submission date. The Finance Ministry will soon open the door to...