Saudi Arabia has announced significant changes to customs duty rates.
In February 2017, Saudi Arabia raised the customs duty rates applied to 193 products from 5 per cent to 25 percent.
The products impacted by the increased customs duty include poultry, meat, dairy, other certain consumer products, fertilizers, chemicals, electrical hardware, cables and building materials. These increases are being enforced with immediate effect including shipments already in transit.
The decision is an effort to increase non-oil revenue and reach fiscal balance by 2020.
Victorian companies with queries about these changes can contact:
Regional Director, Trade
Victorian Government Business Office, Dubai
Business Development Manager
Austrade Saudi Arabia
More information about the Kingdom of Saudi Arabia's guidance on customs tariffs can be found on the Saudi Arabia Ministry of Finance website.