Sanaa: A meeting chaired by Acting Minister of Economy, Industry, and Investment Sam Al-Bashiri discussed incentives and facilities to encourage container and cargo ships to use Red Sea ports, as well as the supply and price situation.
According to Yemen News Agency, the meeting reviewed measures to facilitate imports through Red Sea ports, ensure the smooth unloading of goods, address obstacles, and maintain market and price stability. Al-Bashiri urged traders and importers to benefit from incentives for importing through Hodeidah ports, including a 50% reduction in ship, container, tax, and customs fees, in line with directives from the Supreme Political Council and the Change and Construction Government.
He emphasized that the ministry would coordinate with relevant authorities to resolve obstacles and ensure traders and importers receive the approved incentives while protecting consumers and national capital. Al-Bashiri stressed the importance of price stability, stating that the ministry would not allow unjustified price increases unless supported by documented and officially approved grounds.
The meeting also approved the formation of a committee comprising ministry officials, relevant authorities, and private-sector representatives to address fuel price adjustments resulting from global price increases where justified.
