Yemen annual smuggling volume hits $437 million

Published April 2nd, 2001 - 02:00 GMT

The annual volume of smuggling in Yemen reached 70 billion Yemeni rials ($437 million), equivalent to nearly 25 percent of Yemen’s total volume of the legal trade. 

 

Abdulla Al-Sunaidar, of the general federation of Yemeni chambers of commerce and industry, was quoted by Yemen’s Observer as saying that “the phenomenon of smuggling affirms that the volume of smuggling increases year after year.”  

 

The Yemeni official said that such a figure would directly affect the national economic growth and the gross national product (GNP). — (Albawaba-MEBG)

© 2001 Mena Report (www.menareport.com)


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