Yemen Monitor /Newsroom:
The National Committee for Regulating and Financing Imports has called on all government institutions to facilitate transactions for financial, commercial, and service entities as well as business owners, to ensure the smooth flow of supply chains and financial transfers between Yemen and the international market.
The call came during a meeting held today in the interim capital, Aden, chaired by Central Bank of Yemen Governor Ahmed Ghaleb, who also serves as the committee’s chairman, and attended by Minister of Industry and Trade Mohammed Al-Ashwal along with the committee’s deputy members.
The committee emphasized the need for strict adherence to the implementation mechanism for import financing across all entry points, in order to serve the public interest and strengthen cooperation with the international community.
It affirmed its commitment to providing full support and facilities to institutions that comply with laws and regulations, while vowing zero tolerance toward smuggling, fraud, or misrepresentation, in coordination with relevant authorities and international and regional partners.
The meeting reviewed the performance of the committee’s technical unit and the implementation of the import financing mechanism in processing applications submitted by banks and exchange companies for various types of goods. It also examined reports from customs authorities and chambers of commerce regarding operations at land and sea entry points.
Discussions also addressed challenges related to border areas and land crossings, particularly regarding contracts concluded prior to the implementation of the new mechanism, and resulted in several decisions aimed at resolving these issues to ensure the continued smooth operation of commercial activities.
