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Restrictive Legislation
Restrictive Measures
- Forbidden for the seller to insured exports abroad
- Forbidden for the buyer to insure imports abroad
- Forbidden for the seller to export on a FOB basis
- Forbidden for the buyer to import on a CIF basis
- Special taxes and extra charges
- Currency restrictions
View Restrictive Measures:
| Country | Restrictions | WTO Membership | MAT Cross border & consumption Commitments under GATS | Domestic Insurance law | ||
|---|---|---|---|---|---|---|
| Senegal | 2,4 | Member | Unbound | Law 83-47 of February 18 1983 Decree 83-1201 of November 24 1983 Code CIMA Art. 278. |
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| Remarks | All goods and merchandises directly imported for trade or industrial purpose must be insured either through representatives approved by Minister in charge of finance or through brokers established in Senegal. | |||||
| Seychelles | 1,2,3,4 | Observer | - | Insurance Act 1994, as amended 1995 | ||
| Remarks | - | |||||
| Sierra Leone | 2,4 | Member | Unbound | Section 76 of Insurance Act 1971 Law of April 15, 1974 |
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| Remarks | - | |||||
| Solomon Islands | 2,4 | Member | No schedule of specific commitments | Public notice pursuant to Section 10 (3) of the Insurance Act 1985 | ||
| Remarks | - | |||||
| Somalia | 2,4 | No | - | Law No.69 of September 30,1972 | ||
| Remarks | - | |||||
| Sudan | 2,4 | Observer | - | Ministerial Order of March 13, 1970 Control and Supervision of Insurance Business Act 1992. |
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| Remarks | Local insurance is compulsory for marine imports. A local marine cargo policy covering transit must be presented to Customs for clearance. Authorisation for non-admitted insurance may be granted by the Minister of Finance in special circumstances. | |||||
| Syria | 2,4 | No | - | Order No.337, 28 May 1979 | ||
| Remarks | Imported materials and goods are subject to Insurance with SIC (Syrian Insurance Company) at least for Clause C cover. Exported goods may be insured abroad. | |||||
| Tanzania | 2,4 | Member | No schedule of specific commitments | Insurance Act 1996 gazetted on 13 March 1998 | ||
| Remarks | Insurance is commonly placed overseas for building projects where the finance is being provided by overseas countries. | |||||
| Togo | 2,4 | Member | No schedule of specific commitments | Law No.87-07 and Decree No. 87-104 of June 3 1987 (Cat No.2) Tax code, Chapter 2, Article 865, Paragraph 4 Insurance Act of 1996 gazetted on 13 March 1998 Code CIMA Art.278 |
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| Remarks | Imported goods of a FOB value equal to or exceeding USD 1000 must be insured locally. Goods are often imported on a CIF basis despite the legal requirements. | |||||
| Tunisia | 2,4 | Member | Unbound | Law No. 80/88 of December 12 1980 Decree No.81-1596 of November 24, 1981 |
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| Remarks | Imported marine cargo of a value equal to or exceeding TND 3,000 (USD 2.12) must be insured locally. Exports are usually sold either C & F or FOB. | |||||
| Uganda | 1,2,3,4 | Member | No schedule of specific commitments | Marine Insurance Act 2002 | ||
| Remarks | Both imports and exports are required to be insured locally. But offshore coverage is continuing due to a lack of official monitoring. | |||||
| Yemen | 2,4 | Observer | - | Memo by the Ministry of Commerce & Industry, dated December 16 Ref 5060/9 | ||
| Remarks | Imported goods into Yemen are supposed to be insured with Yemeni Insurers, but in practice this is often ignored and imported goods enter the country on a CIF basis. | |||||
