Several recommendations and decisions were made prior to the second meeting of the Committee for Organizing the Governance of Export Prohibition and Restriction Procedures. Among them was the organization and management of export procedures for more than 1,481 customs items
SAUDI Arabia decided to remove restrictions on exports imposed by 11% of the total list of restricted items and allow their export directly without the need for any prior approvals, with their estimated value being around SR3.5 billion.
The decision was made by the Committee for Organizing the Governance of Export Prohibition and Restriction Procedures at its second meeting. The meeting was presided over by Bandar Alkhorayef (pictured left), the Saudi Exports Development Authority’s chairman of the Board of Directors, and the Minister of Industry and Mineral Resources.
The meeting follows several recommendations and decisions, including the governance and organization of export procedures for more than 1,481 customs items, in accordance with the Kingdom’s obligations under international agreements, as well as the reduction of prohibited customs items from 51 to just five items.
Additionally, it was decided at the meeting to permit the export of goods made with locally grown potatoes and water-constrained techniques.
Representatives from the Saudi Export Development Authority, the General Authority for Foreign Trade, the Saudi Food and Drug Authority, the Zakat, Tax and Customs Authority, the Ministry of Energy, the Ministry of Economy and Planning, the Ministry of Commerce, the Ministry of Industry and Mineral Resources, the Ministry of Environment, Water and Agriculture, and the Ministry of Investment attended the meeting.
These suggestions reflect the meeting’s participants’ interest in empowering exporters, boosting their commercial competitiveness, and increasing their export opportunities.
This can be accomplished by addressing the issues that the export environment presents and working to find solutions for them in a way that encourages Saudi local products, boosts their competitiveness, and makes it easier for them to access regional and international markets. This should be done in collaboration with the relevant authorities and in accordance with the goals of the Kingdom’s Vision 2030.
The Committee for Organizing the Governance of Export Prohibition and Restriction Procedures was established in accordance with Cabinet Resolution No. 296 of Muharram 6, 1443, with the aim of ensuring that the interests of the national economy are not harmed and that the measures to prevent or restrict export are based on justified reasons.
This is consistent with Saudi Arabia’s export policies as well as the Kingdom’s obligations under international agreements.
Sourced from Zawya.com
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