Riyadh, June 23, 2020: : As the implementation of the new customs duties started on June 20, 2020, which was approved by the Council of Ministers being imposed on select imports after careful review by relevant authorities, Engineer Rayed Abdullah Al-Ajaji, Chairman of the National Committee for Steel Industry, created by the Council of Saudi Chambers, lauded the resolution to increase customs duty on products listed by the General Customs Authority, including steel products up to the originally approved bound-rates as stipulated in the Kingdom’s Protocol of Accession to the World Trade Organization (WTO) signed more than 15 years ago.
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