President Ibrahim Mohamed Solih has ratified two amendment bills to the Export Import Act of Maldives.
The amendment bills ratified by the President are the 15th Amendment to the Export Import Act of Maldives, passed by the Parliament at the 20th sitting of the third session of the Parliament, and the 16th Amendment to the Export Import Act of Maldives, passed by the Parliament at the 21st sitting of the third session of the Parliament.
Following ratification of the 15th Amendment to the Export Import Act of Maldives, import duty has been waived from goods imported for agricultural needs that have been predetermined by the respective ministry. Following ratification of the 16th Amendment to the Export Import Act of Maldives, import duty has been waived from diesel used in fishing vessels. Both revisions reflect the administration’s goals pledged to be fulfilled in its first 100 days.
Moreover, President Solih has also ratified an additional four bills, as passed by the Parliament at the 21st sitting of the third session of the Parliament.
The four additional bills ratified today are the 9th Amendment Bill to the Maldives’ Tourism Act, the 2nd Amendment Bill to the Prisons and Parole Act, the 4th Amendment bill to the Companies Act of the Maldives and the 1st Amendment Bill to the Act on the Prioritization of the National Language of the Maldives.
Upon ratification, the Acts have now been published on the government gazette.