|
|
Article: Saudi Customs exempts 92 products from tariff.
- Article from:
- Arab News (Jeddah, Saudi Arabia)
- Article date:
- June 3, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: P.K. Abdul Ghafour
JEDDAH: 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.
"Under the agreement with the WTO, tariff exemption for the remaining phase-three products will be completed this Saturday," said Saleh Al-Khulaiwi, director general of Saudi Customs.
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 ...