Government takes measures to regulate imports and boost local production

In an effort to achieve a balance in the trade balance and enhance economic stability, Prime Minister Dr. Kamil Idris issued a package of measures to regulate imports, based on the recommendation of the Higher Economic Committee. These measures aim to support a balance between imports and exports and reduce fluctuations in markets and the exchange rate.

This approach is based on indicators showing high levels of imports compared to exports, and the resulting pressure on market stability and the macroeconomy. It also follows a thorough review of the list of imported goods to ensure its alignment with the priorities of the current phase.

The measures include:

• Directing domestic factories to increase production capacity

• Facilitating the provision of production inputs

• Regulating the import of certain non-essential goods

This approach aims to reduce reliance on imports of non-essential goods, while maintaining the flow of essential goods, including food, medicine, fuel, and production inputs, and ensuring market stability and uninterrupted supply chains.

This approach also supports import substitution policies, the localization of industries, and increasing the added value of local products.

It is based on Sudan’s existing production capacity and industrial base, while empowering various sectors of the private sector to enhance their role in production and expansion.

This package aims to:

• Boost local production and reduce reliance on imports

• Support market stability and mitigate exchange rate volatility

• Improve the efficiency of resource allocation

This will positively impact citizens’ lives by promoting price stability and improving the availability of essential goods.

These measures will be implemented gradually and in a balanced manner to ensure market stability and the continuity of economic activity.

This comes within the framework of preparing for an economy that is more reliant on local production and capable of growth and sustainability.

As part of a broader strategy to build a more balanced economy, based on production and exports, and to strengthen Sudan’s position in regional and international trade.