MEXA Budgetary Proposals 2022

On the eve of the National Budget Speech 2022, we would like to reiterate the MEXA Budgetary Proposals, which emanated from the series of consultations with members from different export sub-sectors.

MEXA has centered its budgetary proposals on the following 5 key pillars:

  1. Enhanced Connectivity
  2. A game-changing Renewable Energy Framework
  3. Strengthening the Industrial and Export Strategy
  4. Regulatory clarity
  5. Improved access and lower cost of Trade Finance

The strategic objective of the MEXA Budget Memorandum 2022 is to accelerate the transformation of the Export sector into a more complex, diversified and value-adding ecosystem.

Please find hereunder more details on the above proposals:

Enhanced Connectivity:

  • Strategic Project: Operationalization of the Regional Feeder Vessel
  • Reconduction of the Trade Promotion and Marketing Scheme
  • Review of the Eligibility criteria under the Freight Rebate Scheme
  • Maintain the 50% reduction in port charges
  • Extending the TPMS at Imports

Strengthening the Industrial and Export Strategy:

  • Country Branding Strategy for the Export Sector
  • Reinforcing EDB Marketing Budget
  • Rum Exports: Investment in a Logistics Platform, Warehousing in Rotterdam for the Rum Sector
  • Africa Warehousing Project: Proposing that the Africa Warehousing Scheme be reviewed to allow for the refund of the Advertising & Marketing costs linked to the initial Market Penetration process.

Regularity Clarity

  • To allow Bio-medical companies performing preclinical trials and Export agencies to be qualified under the Export Development Certificate (EDC).

Improved access to and lower cost of Trade Finance:

  • Extension of the Export Credit Insurance Refund Scheme for another 2 years from July 2022 to June 2024.