Business - Featured - Local - Top Stories - April 8, 2021

Buy Zimbabwe supports Open General Import Licence

Buy Zimbabwe has applauded the government for the recent removal of sugar and cement from the Open General Import Licence (OGIL) through statutory instrument SI89 which was gazetted on the 2nd of April 2021.

Under the new regulations importers are now required to get import licenses from the Ministry of Industry and Commerce for the two commodities.

In a press release, Buy Zimbabwe welcomed the move by government which is aimed at promoting the local goods.

“The statutory instrument was gazetted at a time when the cement and sugar companies have ramped up production and created more than adequate capacity to meet local demand and even export requirements.

The introduction of SI89 will not only benefit the companies in these industries but will also benefit companies in the respective value chains thereby supporting the local content strategy which has been adopted by the government in line with the National Development Strategy 1 (NDS1),” read the statement.

Buy Zimbabwe is committed to pushing for the preference of locally produced goods to reduce dependence on imports.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Afreximbank to set up a trade hub in Harare

Local Government and Public Works and National Housing ministry availed land for the const…