Local News

Houthis Propose Eight Solutions To Avoid Economic Collapse

National Yemen

By NY Staff

The Revolutionary Committee of Ansar Allah, the Economic Commission, and group of businessmen and merchants who are loyal to the Houthis have proposed a group of controls being presented to the Houthi leader Abdulmalik al-Houthi for approval in order to protect the economy from collapse.

 A member in the Revolutionary Committee, Tawfiq al-Humairi, said that after seminars held with many businessmen, economists, and legal analysts, they came up with these steps as part of the economic plan.

Al-Humairi added that the meeting came as a response to the Houthis leader who said that Yemeni businessmen are able to provide the needs of the country and raise the country’s economy.

In the light of this Commission, they came out with eight economic solutions, among them preventing the import of fruits, vegetables and canned food, which is locally produced, to encourage local farmers and stop hard currency.

Another solution is to prevent mineral and carbonated water, which had import costs about $16 billion per year, despite the existence of dozens of local factories producing water.

The third item focuses on preventing the import of building materials that are available locally such as marble, granite, ornamental stones, paint and other similar local materials. The plan also prevents the import of fireworks and controls the border to prevent smuggling of material as well as postponing the licenses of expensive private car imports, electricity generators, motorcycles, and cigarettes with foreign industries of different kinds.

The Commission has also assigned the Ministry of Industry and Trade and specialized unions to prepare a list of imported materials for all goods and items for which there is a local product that covers the minimum needs of the market and prevent the import of surplus demand on a temporary basis.

It committed public institutions to invest surplus funds to increase productivity in national projects to meet local market needs, ensure the preservation of hard currency, operate labor, and raise the GDP of the country.

The Committee concluded its decisions by emphasizing the Yemenisation of medical professionals such as nurses as well as the flight attendants and hotel staff, as well as requiring companies, facilities, and hospitals to choose Yemeni staff.

Many traders and individuals wondered about such solutions and consider them a retreat from encouraging traders and a contradiction of Yemen’s agreement with the World Trade Organization.