Khartoum: Prime Minister Dr. Kamil Idris has issued a package of measures to regulate import activity, as part of efforts to achieve balance in the trade deficit and strengthen economic stability. The measures, adopted upon the recommendation of the Higher Economic Committee, aim to rebalance imports and exports while reducing market volatility and stabilizing the exchange rate.
According to Sudan News Agency, this move follows indicators showing a rise in import levels compared to exports, placing pressure on market stability and the broader economy. It also comes after a careful review of the list of imported goods to ensure alignment with current national priorities.
The new directives include encouraging national factories to boost their production capacity and facilitating access to necessary production inputs. Additionally, the import of certain non-essential goods will be regulated, reducing reliance on these imports while ensuring the uninterrupted flow of essential commodities such as food, medicine, fuel, and production inputs. This approach is designed to maintain market stability and safeguard supply chains.
The measures also support policies focused on import substitution, industrial indigenization, and increasing the added value of domestic products. By leveraging Sudan's production potential and existing industrial base, the initiative aims to empower private sector actors to expand their role in production and growth.
The package seeks to boost domestic production, reduce dependence on imports, support market stability, and curb exchange rate volatility. It also aims to improve the efficiency of resource allocation, which is expected to positively impact citizens by stabilizing prices and improving the availability of essential goods.
Implementation of these measures will be gradual and balanced to ensure market stability and the continuity of economic activity. This initiative is part of broader preparations for a more production-driven, sustainable economy and a wider strategy to establish a balanced economic model based on production and exports, enhancing Sudan's position in regional and international trade.