AMMAN — The
government announced a set of measures Monday to help the commercial sector
overcome hard economic times and the incredible levels of
inflation.
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These measures include raising
the level of financing provided by local banks to the commercial sector, from JD350,000
to JD600,000 for wholesalers, and from JD175,000 to JD200,000 for retailers,
and extending this measure until June 2022, according to Al Ghad.
The measures also include facilitating
clearance procedures by increasing official working hours, and working during
official holidays, as well as reducing examination fees, permits, and financial
allowances charged by
Aqaba Special Economic Zone Authority, as well as
unifying the bodies that grant the necessary approvals for the entry of goods
after inspection.
Merchants called on the
government to reduce the sales tax on food and basic commodities because the
wave of inflation that the world is suffering from is not like any other
regular inflation wave.
They said that the
government's measures would enhance the Kingdom's supplies of Basic
necessities, but would not prevent the
rise in prices on the local market, which witnessed an increase in global
markets by rates ranging from 20 to 100 percent.
Tamim Al-Qasrawi, secretary
general of the Amman Chamber of Industry, said that the measures taken by the
government are very important and will enable traders and manufacturers to
enhance the Kingdom's supplies of various foodstuffs and basic necessities.
Qasrawi said that global
markets are witnessing a significant increases in the process of basic necessities,
reaching 100 percent for some types such as processed meat, milk, oils, and
some types of legumes, in addition to the rise in freight charges and other
production inputs.
Qasrawi said that the
situation on the local market in terms of the availability of food commodities
is good, as current stockpiles will last from three to six months.
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