Gulf Insider, 12 January 2025: Saudi Arabia has introduced a series of incentives aimed at enhancing trade within the Kingdom, focusing on import and export businesses.

The Zakat, Tax and Customs Authority (ZATCA) has partnered with 14 government entities to fortify the Saudi Authorised Economic Operator Program.

This collaboration is set to offer new benefits and incentives to importers and exporters, fostering improved cooperation between government bodies and the commercial sector.

The initiative is designed to enhance the security of the global supply chain while providing significant advantages to participating businesses.

ZATCA, in conjunction with its government partners, offers a variety of administrative, procedural, and financial benefits tailored for importers and exporters.

Additionally, a specific category of benefits is available for logistics service providers, such as customs brokers and freight forwarders.

The revamped Saudi Authorised Economic Operator Program is pivotal in advancing the Kingdom’s logistics sector by streamlining trade processes and enhancing competitiveness through inter-agency collaboration.

This effort aims to facilitate trade, improve supply chain efficiency, and expedite procedures, ensuring seamless and flexible trade operations.

It also seeks to enhance access to global markets, complying with the highest international standards and best practices.

This initiative aligns with international trade security and facilitation standards set by the World Customs Organisation, with mutual recognition agreements playing a key role in fostering international cooperation and trade benefits.

Interested parties can find more information about the program’s advantages and conditions on ZATCA’s website.

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