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Saudi Arabia increases import tariffs on onions, cucumbers, carrots and zucchini

Saudi Arabia has increased the import tariffs on 99 products, including several vegetables. The Arab News reported that the measure is in line with World Trade Organization (WTO) rules and is aimed at promoting domestic industries and products. A number of vegetables including onions, cucumbers, carrots, eggplant and zucchini, now have import tariffs of 5%, up from 0%.

The decision came into force on June 12, according to minister of Finance Mohammed Al-Jadaan. The announcement came just days after the Saudi government revealed that a previous round of import tariff rises, in June 2020, led to an investment increase in goods production and more jobs in the country.

Source: menafn.com

 

Photo source: Dreamstime.com


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