RIYADH: Saudi Customs recognized Huawei Tech Investment Saudi Arabia as a member of its Authorized Economic Operator (AEO) Program. Huawei, the leading global ICT solutions provider, is the first technology company to receive the accreditation, demonstrating Saudi Customs’ commitment to facilitating global trade with leading private sector companies.
Saudi Customs presented Huawei with an Accreditation Certificate in the presence of Ahmed Bin Abdulaziz Al-Haqbani, director general of Saudi Customs, and Dennis Zhang, CEO of Huawei Tech Investment Saudi Arabia. The AEO trade facilitation program promotes partnerships between Saudi Customs and the private sector in order to enable smoother border and customs processes, encourage investment and support the growth of the national economy. “We are witnessing today a concrete example of our partnership with the private sector, with the accreditation of a number of our partners in the customs community as Authorized Economic Operators. The AEO Program aims to strengthen and consolidate the partnership between Saudi Customs and all its partners in the public and private sectors, and enhance effective co-operation between them, in line with the Saudi Vision 2030 and the National Transformation Program 2020. This step will speed up the customs clearance process and facilitate trade between the Kingdom and the world, which will contribute to promoting the growth of the national economy.” Al-Haqbani added: “We are working to enhance the quality of Saudi Customs’ services by finding scientific solutions based on sustainability and innovation that fulfill the requirements of this critical sector for the Kingdom’s booming economy. Consequently, Saudi Customs presents you with the AEO Program, which was developed in accordance with the WCO SAFE Framework of Standards for securing and facilitating trade, and in line with the Saudi Customs Strategic Plan and the GCC Common Customs Law and its regulations. The program will provide trade facilitation advantages to businesses that have secure supply chains and comply with the required standards.” The Authorized Economic Operator Program is widely acknowledged as a key driver for a solid Customs-business partnership and transparent and predictable trading environment which promotes economic prosperity worldwide. As a global company operating across 170 countries and regions, trade and customs compliance is a top priority for Huawei. For this reason we are proud to be the first company in the ICT sector to receive this certificate in Saudi Arabia.” Accredited AEOs enjoy a package of trade facilitation benefits. One of the significant benefits is the priority of inspection and use of non-intrusive inspection equipment whenever physical examination is required. Zhang commended the customs department for implementing best practices, removing trade barriers and increasing the participation of the private sector in the customs process.
RCCI urges establishment of German Trade Desk to boost bilateral trade
RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) has called for establishing a dedicated German Trade Desk in Pakistan...
