The new Customs Tariff of Mozambique was approved on Wednesday at the country’s National Assembly and is intended to provide incentives to various sectors of the economy, including agriculture and livestock, said the Minister for the Economy and Finance.
Minister Adriano Maleiane gave the agricultural sector as an example, which will have a new tariff of zero on imports of irrigation systems, accessories, including pipes, joints, bends, flanges and fittings, as well as on cattle identification ear tags.
The exemption also extends to imports of pure-bred breeding cattle, seed, fertilizers and certain farm equipment and all types of wheelchairs, orthopaedic or fracture devices, prosthetics and other medical equipment.
Maleiane, quoted by Mozambican news agency AIM, also said the new tariff list is also intended to adapt practices to the requirements of international trade.
The sixth edition of the Harmonised Commodity Description and Coding System, an instrument of the World Customs Organisation (WCO), of which Mozambique is a member, should come into force in the country by 1 January, 2017.
This government proposal is expected to have a budgetary impact of around 896 million meticais (about US$12 million). (macauhub)