January 2023 Tariff Update

In January 2023, significant changes were made to the tariff structures affecting various sectors. These updates aim to enhance trade efficiency and ensure compliance with international standards. The new tariffs will impact import and export duties, providing a clearer framework for businesses.

Key Changes

• Reduction in tariffs for renewable energy imports.
• Increased duties on luxury goods.
• Streamlined processes for tariff classification.

These changes are expected to foster a more competitive market environment.