Sudan Exempts Oilseed Exports from Tax
Khartoum – The State Minister of Finance, Dr. Abdul Rahman Dirar, has expressed the state's eagerness to increase agricultural production and productivity, especially oilseeds.
Addressing the first international conference on the production and marketing of oilseeds (sesame, groundnuts, sunflower), under the auspices of First Vice President Ali Osman Mohamed Taha, Dirar revealed a move by the state to exempt oilseed exports from tax. The Central Bank of Sudan (CBS) would also facilitate the export process by reducing the incentive levied on exports.
The minister said the state is also making efforts to rehabilitate the railway and the seaports and underscored its commitment to implement the conference’s recommendations.
Saood Al Birair, chairman of the Sudanese Businessmen and Employers Federation (SBEF), said the conference is part of Sudan's endeavour to learn from other countries in the production and marketing of oilseeds. He said the Arab countries are confident of Sudan's capacity to contribute towards food security.
Wagdi Mirghani, head of the oilseeds chambers, revealed that 50% of the 900,000 tonnes of oilseeds consumed by China is imported from Sudan. He anticipated a high productivity of sesame and groundnuts this year which will generate about $400 million.
The conference is an opportunity for international companies to see for themselves the production of oilseeds in Sudan, according to Yousuf Ahmed Yousuf, chairman of the Union Chambers of Commerce.
By Shadia Basheri, 24/11/2012