The government says Statutory Instrument 64 of 2016 will remain in operation amid indications that some goods will be removed while others will be added to boost local productivity.
The continued enforcement of SI 64 of 2016 has yielded positive results for the local manufacturing sector while also boosting employment opportunities for the country’s citizens.
This has prompted government to prolong the statutory instrument with a view to creating an opportunity for some products which have been excluded but are critical for the growth of the economy.
The life span of the SI 64 of 2016 which removed some goods from the General Import Licence has seen industrial capacity utilisation increasing in the second half of last year with most of the local firms that benefitted eyeing export markets.
Analysts believe extending the statutory instrument will also give an opportunity for local firms to retool and capitalise their business operations to be able to compete on the export market.