The UAE continues to enact policies to protect the national industry by extending the restrictions on exporting scrap for another six months.
The Ministry of Economy issued a directive continuing to ban the export of raw materials, under HS codes 720410, 720421, 720429, 720430, 720441, 720449, and 720450, as well as waste paper under 470710 and 470790.
The decision entered into force on March 21, 2023, and it will remain in effect until September 30, 2023, as a previous decision was issued in October 2022 and continued until March 19, 2023. Hence, the current step is just an extension of the prior decision.
Those working in this field welcomed this decision because they believe protecting national industries should be a top priority.