According to Senior officials in the Treasury, the government is planning to remove import restrictions on 100 to 150 products within the next four months, The Sunday Times reported.
However, this will only occur if it does not negatively affect the exchange rates, foreign reserves, or inflation.
Vehicle imports will remain restricted, as allowing them would result in a drain of large some of US dollars annually on foreign reserves.
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The items that will potentially have their import restrictions lifted include electronic devices such as computers, mobile phones, and televisions, as well as household appliances, stationery, food, clothing materials, leather products, cosmetics, medical equipment, spare parts, raw materials for industries, agricultural equipment, bathroom fixtures, and ceramic tiles, The Sunday Times report added.
courtesy newswire
