New Import Policy Tightens the Entry of Hand-Carry Goods from Overseas

In 2023, the Minister of Trade (“Minister”) issued Regulation No. 36 of 2023 on Import Policy and Provisions (“Regulation 36/2023”) which, as its title suggests, is currently serving as the most recent framework to address the applicable prerequisites and licenses required to engage in importation activities.[1] However, in an effort to further optimize the implementation of imports of certain goods, the Minister has now decided to issue Regulation No. 3 of 2024 on the Amendment to Regulation 36/2023 (“Amendment”), which has been in force since 10 March 2024.[2]

......