The New Nation - Internet Edition

Staff Reporter

The Government yesterday made import of iron and scrap vessel, raw materials of MS rod open to all to bring rod price at a tolerable level.

To this effect the Ministry of Commerce through a statutory regulatory order changed the import policy order, a release of the Ministry said.

Following the order any company will be able to import scrap vessel for commercial purpose. Earlier, import of scrap vessel was allowed only for the industries, which uses scrap.

Meanwhile, the Government also repealed the mandatory membership of the Ship Breakers' Association for import of scrap vessels. Now any company willing to import scrap vessel will be allowed to do so without membership of the association, the release added.