Raises Import Tariffs For Certain Textiles
The government of Saudi Arabia, as part of a broader
tariff review of nearly 500 products, has decided to raise its import duty
rates on certain textile products from 5% to 12% effective January 1, 2002.
The increase will affect
Saudi imports of polyester woven fabrics, carpets, blankets and bed linen.
Arabia had reduced its import duties on these products to 5% in May 2001 from an original 12%
levy. The latest change restores the original 12%
duty but it has caused concern from some exporters, as they fear the duty
increase will negatively impact export sales that flourished while the lower
tariff was in effect.