Saudi Arabia unveils program to streamline export, import operations
MG News | January 14, 2025 at 01:43 PM GMT+05:00
January 14, 2025 (MLN): Saudi Arabia has introduced the "Saudi Authorized Economic Operator Program" to support exporters and importers through administrative, procedural, and financial benefits.
This program is developed by Zakat, Tax and Customs Authority (ZATCA) in collaboration with 14 government entities, aims to boost trade efficiency, empower logistics, and improve access to global markets, according to Saudi Gazette.
The Saudi Authorized Economic Operator Program is a global program approved in 80 countries around the world.
Through this program, countries provide benefits to commercial establishments in accordance with the World Customs Organization’s International Trade Security and Facilitation Standards Framework.
ZATCA and its partners offer many administrative, procedural, and financial advantages for importers and exporters in three categories.
A fourth category is dedicated to providers of logistics services and solutions, including customs brokers, shipping agents, and others.
The program aims to further empower the logistics sector in Saudi Arabia, facilitate trade, ease procedures for importers and exporters, enhance their competitiveness, increase the efficiency of supply chains, and simplify and accelerate procedures.
It also ensures the continuation of business operations smoothly and with high flexibility, while facilitating access to global markets.
More than 550 commercial establishments have joined the program since its launch in 2018.
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