3 Things You Need to Know About Trade Laws in Saudi Arabia

by | May 9, 2019 | Uncategorized

May 9, 2019

 

Saudi Arabia is one of the most influential members of the GCC region. The GCC, as a group, strives to create a common set of standards. The Saudi Arabian government has taken affirmative steps to become a more open, transparent, and predictable market. SASO is the Saudi organization responsible for setting national standards for trade laws in Saudi Arabia.

The Kingdom of Saudi Arabia continues to move towards devotion to a single standard, based on ISO or IEC standards in technical regulations to the exclusion of other international standards.

Trade Laws in Saudi Arabia

Following are the three trade laws in Saudi Arabia; you need to know:

1.      Import Licenses

The importation of specific articles is either restricted or requires exceptional endorsement from competent authorities. Moreover, import of the following items requires unique approval by Saudi authorities:



• Farming seeds,

• Live creatures,

• Fresh/frozen meat,

• Books,

• Periodicals,

• Movies and tapes,

• Religious books and tapes,

• Synthetics and hurtful materials,

• Pharmaceutical items,

• Remote hardware,

• Horses.

2.      Export Controls

Saudi exporters need to present a copy of their business enrollment, which shows they are permitted to export. They are additionally required to submit an authentication of the origin of Saudi items (issued by the Ministry of Commerce). Certain things, for example, collectibles, Arabian, horses, animals, or subsidized item,s need a special endorsement to export. Export of oil, oil-based commodities, natural gas, and wheat all require trade licenses.

3.      Import/Export Documentation

According to the trade laws in Saudi Arabia, the following records are required for exporting merchandise into Saudi Arabia.



• A legally approved testament of origin validated at a Saudi diplomatic mission and nearby council of business.

• A valid receipt (in triplicate) which must express the nation of inception, name of the transporter, brand, and number of products, and depiction of the items including weight and esteem.

• A clean bill of restocking.

• Reports demonstrating compliance with health guidelines (if relevant).

• Insurance documents, if shipments are sent CIF.

• The original documents must be joined by an Arabic interpretation.

• SASO testament of conformity issued by Intertech Testing Laboratories (if applicable).

• And a radiation endorsement (if relevant).

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