Saudi Arabia allows exports of 11% of total restricted items

Saudi Arabia allows exports of 11% of total restricted items

JEDDAH — Saudi Arabia decided to abolish restrictions imposed on exports by 11 percent of the total list of restricted items, and allow their export directly without the need to obtain any prior approvals, of which their value is estimated at about SR3.5 billion.

The decision was taken by the second meeting of the Committee for Organizing the Governance of Export Prohibition and Restriction Procedures. Minister of Industry and Mineral Resources and Chairman of the Board of Directors of the Saudi Exports Development Authority Bandar Alkhorayef presided over the meeting.

The meeting comes following a number of recommendations and decisions, and these included the governance and organization of export procedures for more than 1,481 customs items, in accordance with the Kingdom’s obligations toward international agreements, in addition to reducing prohibited customs items from 51 to only five items.

The meeting also decided to allow the export of products made from the locally produced potatoes, using water-restricted technologies.

The meeting was attended by representatives from the Ministry of Finance, Ministry of Energy, Ministry of Economy and Planning, Ministry of Commerce, Ministry of Industry and Mineral Resources, Ministry of Environment, Water and Agriculture, Ministry of Investment, the General Authority for Foreign Trade, Saudi Food and Drug