Saudi Arabia has unveiled a raft of benefits for import and export businesses as it looks to boost trade in the Kingdom. The Zakat, Tax and Customs Authority (ZATCA) has outlined its collaboration with 14 government entities to strengthen the Saudi Authorised Economic Operator Program, introducing new benefits and incentives for member importers and exporters while promoting greater cooperation between government agencies and the commercial sector. The initiative also aims to bolster the security of the global supply chain and provide numerous advantages to participating enterprises. Saudi import and export benefits ZATCA, along with its partners from government agencies involved in the Saudi Authorised Economic Operator Program, provides a range of administrative, procedural, and financial benefits across three categories. These benefits are designed for importers and exporters, with an additional fourth category specifically for logistics service providers, including customs brokers and freight forwarders. The Saudi Authorised Economic Operator Program’s new concept plays a significant role in advancing the logistics sector’s goals within the Kingdom by streamlining trade processes for importers and exporters, boosting their competitiveness through the benefits of inter-agency collaboration. This initiative aims to maximise trade facilitation, improve supply chain efficiency, and expedite procedures, ensuring smooth and flexible trade operations. It […]