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Saudi Customs exempts phase-three products from tariff

Saudi Customs exempts phase-three products from tariff
3 Jun
E-Media:
Riyadh - Director general of Saudi Customs,  Saleh Al-Khulaiwi, said that under the agreement with the WTO, tariff exemption for the remaining phase-three products will be completed this Saturday.
He added that Saudi Arabia won accession to the WTO on Dec. 11, 2005, becoming its 149th member after years of tough negotiations. In the first phase, it cut and exempted tariff on 470 products. Two years after its WTO accession, the Kingdom cut in the second phase the duties on 22 more products. Eighty-seven more goods were given tariff cuts in the third phase that started in December last year,  Saudi press agency said.
Saudi Arabia will lift customs tariff on 92 new products on June 6 in accordance with the regulations of the World Trade Organization (WTO). The move will bring the total number of products that enjoy either tariff exemption or reduction to 851 products.

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