YGAPC comment on the presidential decision to liberalize oil derivatives market

March 14, 2018

The Department of Information at YGAPC issued a statement on the positive decision of the President of the Republic, which led to the liberalization of oil derivatives importation and distribution market. The port of Aden received the decision of the President of the Republic, Abdo Rabo Mansoor Hadi to liberalize oil derivatives importation and distribution market, with great satisfaction because of its positive impact on the activity of the port and facilitate the passage of these derivatives, which formed at different periods of more than 60% of the volume of imports traded In the port of Aden. The statement pointed out that the conjunction of this decision by the suspension of customs duties also greatly helps to strengthen the business environment, and we wish the private sector to take its responsibility towards this decision, which stimulates and encourages further business. The statement concluded that the Port of Aden Management will provide all the support to all parties to implement and facilitate the decision of the President of the Republic