New customs system to ease flow of goods

New customs system to ease flow of goods
Updated 19 December 2014

New customs system to ease flow of goods

New customs system to ease flow of goods

The new ATA Carnet system to be implemented on Jan. 1, would help ease the movement of goods between Saudi Arabia and other member states, a senior official from the Council of Saudi Chambers (CSC) told Saudi businesspeople here on Thursday.
Khalid Al-Otaibi, secretary general of the CSC, made this comment during a workshop on the system at the organization’s headquarters in the capital. Local customs officials and businesspeople from the Dubai Chamber of Commerce and Industry also attended the event.
Al-Otaibi said it is a temporary admission system that allows goods to be brought more efficiently into the Kingdom. The ATA Carnet is an international customs document that allows the temporary importation of commercial samples, professional equipment or goods going to trade fairs or exhibitions, he said.
It permits tax-free and duty-free temporary export and import of goods for up to one year, eliminating the need to purchase temporary import bonds. As long as the goods are re-exported within the allotted timeframe, no duties or taxes are due. Failure to re-export all or some of the goods listed on the Carnet results in the payment of applicable duties and taxes. Failure to remit those duties results in a claim from the foreign customs service to the importer’s home country.
The Riyadh Chapter of the International Chamber of Commerce (ICC) signed a memorandum of understanding with Saudi Customs in May 2011 to implement the system. Currently more than 70 countries participate in the scheme.
Al-Otaibi described it as a major step in promoting international trade. He said 14 companies from seven countries including Romania, Spain, Holland and Brazil have already applied to participate.
The items covered include commercial samples such as jewelry, clothing, watches and leather products. It also covers items to be displayed or used during international exhibitions and trade fairs or similar events, such as antiques, paintings, works of art, accessories booths and professional equipment.
The other items are media and video broadcast equipment, musical instruments, equipment for seminars and meetings, presentation and test machinery, and repair and maintenance equipment used by surgeons archaeologists, zoologists, providers of entertainment, lecturers and athletes. Consumer items, used items and those meant for charity are not allowed under the scheme.
Al-Otaibi thanked the United Arab Emirates (UAE) for providing technical assistance to introduce the scheme. The UAE is the first country in the Gulf Cooperation Council to join up. Bahrain also recently enlisted.
Dawood Abdullah Mohamed and Atiq Jumaa Faraj Nasib from the Dubai Chamber of Commerce and Industry and Ali bin Yahya Al-Shehri from Saudi Customs also addressed local businesspeople at the meeting.
The World Customs Organization (WCO) administers the international customs conventions under which the ATA Carnet system operates. The ICC World Chambers Federation (WCF) administers the ATA system and its international guarantee chain.
In every country in the ATA chain, a guaranteeing organization, approved by its customs body and the WFC, administers the system. The role of this organization is to guarantee to its customs administration the payment of duties and taxes due when ATA Carnets have been misused on its territory.
The national guaranteeing organization can also with the prior consent of its customs administration, authorize local chambers to deliver ATA Carnets on its behalf. In major trading nations, dozens of local chambers have that authority. The acronym ATA is a combination of French and English terms “Admission Temporaire/Temporary Admission.”


Saudi Arabia to reopen its embassy in Doha, says Saudi FM

Saudi Arabia to reopen its embassy in Doha, says Saudi FM
Updated 16 January 2021

Saudi Arabia to reopen its embassy in Doha, says Saudi FM

Saudi Arabia to reopen its embassy in Doha, says Saudi FM
  • The Saudi minister repeated the need to reach a comprehensive solution to the Palestinian conflict
  • The Jordanian minister condemned the Houthi militia’s attempts to attack Saudi Arabia

DUBAI: Saudi Arabia will open its embassy in Doha within days, after completing the necessary procedures, Saudi Foreign Minister Prince Faisal bin Farhan said in a joint press conference on Saturday with his Jordanian counterpart Ayman Safadi in Riyadh.
His comments follow the Crown Prince Mohammed bin Salman signing of the Jan. 5 Al Ula agreement, which saw the reopening of the borders between Qatar and Saudi Arabia..
The Saudi minister repeated the need to reach a comprehensive solution to the Palestinian conflict.
From his side, Safadi said the relationship with Saudi Arabia was historical and strategic, adding that Jordan appreciated the Kingdom’s continued support to the country in facing economic challenges.
The minister also condemned the Houthi militia’s attempts to attack Saudi Arabia, and he said he rejected Iran's interference in the region’s affairs.
He added that Jordan agreed with Saudi Arabia in promoting joint action to face current challenges.
“We are working to develop our relationship with the GCC on the security, political and economic levels,” Jordanian Foreign Minister Safadi said.
He added that peace was an Arab strategic choice, and said that Jordan looked forward to working with the new US administration.