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KUWAIT CITY, June 21: The Industry and Labor Committee affiliated to the Board of Directors of the Kuwait Chamber of Commerce and Industry (KCCI) held its third meeting for the year 2022 to discuss a number of issues related to the industrial sector, reports Al-Anba daily. The committee explained that the Council of Ministers had previously approved proposals for the authority that had already increased the fees and allowances it has been receiving since April 2016.
The new issue is moving in the same direction, which must be consulted with the private sector in light of the fairness of the increase and its impact on the competitiveness of the Kuwaiti industry, and in light of procedures, costs and similarities in neighboring countries. The committee discussed the plan of the Public Authority for Industry (PAI) to prepare an investment regulation through which it seeks to employ the partnership system of the two sectors in the development of the industrial zones.
It also touched on the Environment Public Authority’s (EPA) decision to inspect, and audit Kuwait’s export of chemicals and waste. This decision came into effect from mid-May, and approved the follow-up to this issue in light of what most countries of the world are doing to provide incentives to develop and encourage its exports and waive fees and restrictions in order to utilize the advantages of upgrading competitiveness.