Amendments to the Import Regime Decision: Changes in Customs Duties and Additional Financial Obligations on Agricultural and Fisheries Products

Amendment to the Import Regime: Tax Reduction on Agricultural and Fisheries Products
With the latest changes to the Import Regime Decision, customs duties and additional financial obligation rates applied to agricultural and fisheries products have been updated. Under the new regulation, lower rates will apply to certain product groups, particularly for TPS-OIC countries and Least Developed Countries (LDCs) under the GSP framework. The amendments have entered into force.
•    In List I (Agricultural Products), customs duty rates for over 400 HS codes applied to TPS-OIC countries have been reduced.
•    For HS 09.01 (Coffee, not roasted), the duty rate for LDCs has been reduced to 0%, creating a significant cost advantage in coffee imports.
•    In List IV (Fisheries and Aquatic Products), customs duty rates for certain items from TPS-OIC countries have been lowered, while additional financial obligations have been eliminated. This establishes a structure that provides advantages in both customs duties and cost items.
TPS-OIC countries include Bahrain, Bangladesh, United Arab Emirates, Morocco, Iran, Qatar, Kuwait, Malaysia, Pakistan, Saudi Arabia, Oman, and Jordan.
For importing firms, it is crucial to check the HS code-based rate updates and revise cost calculations according to the new tariffs.