Algiers – The Ministry of Trade and Export Promotion issued a statement today clarifying recent regulations concerning the shipment of imported goods. The statement addresses concerns regarding banking domiciliation procedures related to shipping costs.
According to the Ministry, the exceptional authorization for banking domiciliation related to the expenses of shipping imported materials is specifically designed to streamline and facilitate the shipping process. This measure aims to reduce bureaucratic hurdles and expedite the movement of goods into the country.
“The goal is to ensure a smoother and more efficient trade process for importers,” a spokesperson for the Ministry stated. “This exceptional authorization is intended to address specific challenges faced by businesses in settling shipping costs, thereby contributing to a more dynamic and competitive import sector.”
The Ministry emphasized that this clarification is part of ongoing efforts to improve the business environment and promote trade. Further details regarding the specific procedures and requirements for obtaining the exceptional authorization will be made available on the Ministry’s official website and through its regional offices.
The move comes amid ongoing discussions about the need to simplify trade regulations and reduce the costs associated with importing goods. Business leaders have long called for reforms to make the import process more transparent and efficient. This latest clarification from the Ministry of Trade and Export Promotion is seen as a positive step in that direction.
The Ministry reiterated its commitment to working closely with businesses to address their concerns and ensure that trade regulations are clear, consistent, and conducive to economic growth.
