Saudi Arabia Increases Customs Duties
The Saudi Customs Authority released its amended Harmonized Tariff Schedule to increase various customs duty rates effective June 10, 2020. While the increases are within established World Trade Organization ceilings, certain rates have been increased up to 25 percent.
U.S. exporters are urged to study these changes because they may significantly impact availability and costs of imported goods and may disrupt existing supply chains and business operations in Saudi Arabia. See the full list of the products affected. (Note: Reading left to right, the first column in the translated document lists WTO ceiling rates and the second column shows the current amended duty.) The goods originating in a GCC country are exempt from this change.
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