The Special Parliamentary Committee, headed by Deputy Speaker of the House of Representatives and Chairman of the Committee Abdul Rahman Al-Juma’i, continued its meetings today in the presence of Minister of Economy, Industry and Investment Eng. Moeen Al-Mahagri, and Chairman of the General Investment Authority Yasser Al-Mansour, to discuss the articles of the draft investment law.
Discussions focused on encouraging and protecting local production and developing exports, to promote agricultural, livestock, fisheries, and local industries to achieve self-sufficiency, with an emphasis on protecting local products from unfair competition for imported products.
The members of the committee also stressed the importance of strictly applying the standards of specifications and metrology and preventing the entry of any violating products.
The meeting discussed the tasks of the General Investment Authority, which include preparing a national strategy to promote investment, identifying investment opportunities in Yemen, and strengthening partnerships with the private sector, with a focus on projects that rely on local resources.
The committee is scheduled to complete the discussion of the rest of the articles of the draft law tomorrow, Wednesday, in the presence of representatives of the government side. The meeting was attended by a number of agents and specialists in the concerned authorities.
