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STATUTORY Instrument 64 that was promulgated last year will now be scrapped as it has achieved its objectives and targets of boosting industrial capacity utilisation, stimulating retooling and investment into new technologies in industries, a Cabinet Minister has said.

The Statutory Instrument also ran into some challenges that can only be addressed through setting it aside, Industry and Commerce Minister Mike Bimha said yesterday.

SI 64 restricted the importation of certain goods that were being produced locally, as a way of re-focusing attention on increasing production in local industries and helping create employment.

Minister Bimha said the Government would now move away from enforcing SI 64 and come up with other means to ensure industries continued to gain from the achievements it brought.

He said the strategy would now be to adopt “smart” measures like promotion of local content policy to ward off some of the challenges that were encountered during the implementation of SI 64 since July last year.

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