Saudi Arabia Approves Controls Pertaining to GCC Common Customs Law

An employee of the Zakat, Tax and Customs Authority at a Saudi port. (Asharq Al-Awsat)
An employee of the Zakat, Tax and Customs Authority at a Saudi port. (Asharq Al-Awsat)
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Saudi Arabia Approves Controls Pertaining to GCC Common Customs Law

An employee of the Zakat, Tax and Customs Authority at a Saudi port. (Asharq Al-Awsat)
An employee of the Zakat, Tax and Customs Authority at a Saudi port. (Asharq Al-Awsat)

The Saudi government has agreed to new controls regulating customs procedures, with the aim of aligning with the provisions of the GCC Common Customs Law system and its executive regulations.

The Common Customs Law System for the Gulf Cooperation Council (GCC) countries was issued to unify customs procedures and regulations within the GCC, in accordance with the relevant international agreements.

According to information obtained by Asharq Al-Awsat, the new controls seek to clarify and simplify customs procedures for all parties concerned with the import and export of goods, and to indicate the mechanism for implementing all relevant customs procedures.

According to the new regulations, a copy of which was reviewed by Asharq Al-Awsat, personal effects and household goods brought by citizens residing abroad for a period exceeding six months, and foreigners coming to reside in the Kingdom for the first time, are exempt from customs duties.

Parcels and personal postal consignments are also exempted according to the conditions and controls set forth in the Common Guide for Customs Procedures.

In addition, the new controls exempt commercial samples imported into the Kingdom, provided that their customs value does not exceed SAR 5,000 ($1,300).

To benefit from these exemptions, all documents supporting the relevant requests must be submitted in accordance with the statutory periods specified for them.

Goods may be entered and transported to any other place within the country without paying customs duties, after submitting a cash, bank, or documentary guarantee, in accordance with the provisions of the Common Customs Law and its Executive Regulations.



Saudi Arabia Inks Mining Agreements with Several Govts at Fourth Future Minerals Forum

The Saudi Ministry of Industry and Mineral Resources signed a series of MoUs and cooperation agreements with six countries during the fourth Ministerial Roundtable, the flagship opening meeting of the Future Minerals Forum. (SPA)
The Saudi Ministry of Industry and Mineral Resources signed a series of MoUs and cooperation agreements with six countries during the fourth Ministerial Roundtable, the flagship opening meeting of the Future Minerals Forum. (SPA)
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Saudi Arabia Inks Mining Agreements with Several Govts at Fourth Future Minerals Forum

The Saudi Ministry of Industry and Mineral Resources signed a series of MoUs and cooperation agreements with six countries during the fourth Ministerial Roundtable, the flagship opening meeting of the Future Minerals Forum. (SPA)
The Saudi Ministry of Industry and Mineral Resources signed a series of MoUs and cooperation agreements with six countries during the fourth Ministerial Roundtable, the flagship opening meeting of the Future Minerals Forum. (SPA)

The Saudi Ministry of Industry and Mineral Resources signed on Tuesday a series of memoranda of understanding (MoUs) and cooperation agreements with six countries during the fourth Ministerial Roundtable, the flagship opening meeting of the Future Minerals Forum.

The meeting marked a significant step in advancing international partnerships and fostering the development of the Kingdom's mining and minerals sector.

The agreements were signed by Minister of Industry and Mineral Resources Bandar Alkhorayef, and Vice Minister of Industry and Mineral Resources for Mining Affairs Eng. Khalid Al-Mudaifer.

The counterpart signatories included the minister of energy and natural resources from Djibouti, the minister of energy and mineral resources from Jordan, the secretary of state for business and trade from the United Kingdom, and the minister of mines and mineral development from Zambia.

Additional agreements were signed with the Ministry of Finance of Austria and the Ministry of the Economy, Finance and Industrial and Digital Sovereignty of France.