During the session, the House approved the principle of amending the Importers’ Registry Law as proposed by the government and began reviewing the individual articles of the law, which were approved in their entirety.
The draft law aims to regulate the country’s import system
in line with economic development goals. It allows companies applying for
registration in the Importers’ Registry to pay their capital, or the capital
recorded in the commercial registry, in foreign currencies. This enables companies
with foreign-currency capital to register in the Importers’ Registry. The
amendments also introduce legal provisions allowing continued registration in
the registry in the event of a change in the company’s legal form or the death
of an owner.
The draft law further grants the competent authority at the
Ministry of Investment and Foreign Trade the right to reach settlements with
defendants in certain offenses specified under the Importers’ Registry Law.