Saudi Arabia says 'no' to Bangladesh request for customs duty exemption

[Imran Khan]

Saudi Arabia says 'no' to Bangladesh request for customs duty exemption​

It mentions already available GCC unified customs tariff system a reason​

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REZAUL KARIM | Published: December 22, 2022 09:43:00 | Updated: December 22, 2022 17:12:30

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Illustrative image



The Kingdom of Saudi Arabia (KSA) has declined to provide any exemption from customs duties to Bangladeshi products due to a unified customs tariff system of Gulf countries.
Bangladesh requested the Saudi authorities to exempt customs duties on its 130 products during the fourteenth session of the Saudi-Bangladeshi Joint Committee meeting, held in Riyadh on October 30-31.
To this effect, the embassy of KSA in Dhaka has recently conveyed it to the Bangladesh foreign ministry through a note verbale. A note verbale is a diplomatic communication from one government to another, delivered through each other's diplomatic representatives.
The ministry then forwarded the letter to the commerce ministry.
"…the Bangladeshi side participated with 213 products in which requested from the Saudi side to study the possibility of exempting them from customs duties," according to the verbale.
The KSA has been associated with the Gulf Cooperation Council (GCC) countries in a customs union since January 1, 2003.
"Customs duties according to the unified customs tariff of the Council, except for what is exempted under an international agreement within the framework of the Gulf Cooperation Council, and accordingly the Saudi side is unable to provide any exemptions from customs duties," reads the embassy's note verbale.
Bangladesh exported only US$290 million to the KSA in the fiscal year (FY) 2021-22. Of the total volume, around U$ 144 million was RMG shipments, according to the Export Promotion Bureau (EPB) data.
But the actual volume of exports to the Gulf country is higher as a significant amount of export is conducted through informal channels, for instance, cargo or baggage.
KSA is the 24th largest export destination of Bangladesh out of 202 countries, while the Gulf country is also the 26th largest destination for Bangladeshi RMG items.
There is a huge opportunity for Bangladeshi products, including home textiles, agricultural products, leather goods, jute and ceramics, in the KSA.
The government and exporters concerned are sincerely working to explore the untapped market potential in Saudi Arabia as it is an important player in the Gulf region, said exporters.
Bangladesh's export earnings from the KSA can reach $5.0-7.0 billion within the next couple of years if the government takes right initiatives, they observed.
Now, Bangladesh is one of the largest recipients of remittance. And the KSA has been the largest hub of foreign remittance into Bangladesh.
rezamumu@gmail.com

Saudi Arabia says 'no' to Bangladesh request for customs duty exemption

The Kingdom of Saudi Arabia (KSA) has declined to provide any exemption from customs duties to Bangladeshi products due to a unified customs tariff system of Gulf countries. Bangladesh requested the Saudi authorities to exempt customs duties on its 130 products during the fourteenth session of the

thefinancialexpress.com.bd

 

[BananaRepublicUK]

Saudi Arabia says 'no' to Bangladesh request for customs duty exemption​

It mentions already available GCC unified customs tariff system a reason​

---

REZAUL KARIM | Published: December 22, 2022 09:43:00 | Updated: December 22, 2022 17:12:30

---

Illustrative image



The Kingdom of Saudi Arabia (KSA) has declined to provide any exemption from customs duties to Bangladeshi products due to a unified customs tariff system of Gulf countries.
Bangladesh requested the Saudi authorities to exempt customs duties on its 130 products during the fourteenth session of the Saudi-Bangladeshi Joint Committee meeting, held in Riyadh on October 30-31.
To this effect, the embassy of KSA in Dhaka has recently conveyed it to the Bangladesh foreign ministry through a note verbale. A note verbale is a diplomatic communication from one government to another, delivered through each other's diplomatic representatives.
The ministry then forwarded the letter to the commerce ministry.
"…the Bangladeshi side participated with 213 products in which requested from the Saudi side to study the possibility of exempting them from customs duties," according to the verbale.
The KSA has been associated with the Gulf Cooperation Council (GCC) countries in a customs union since January 1, 2003.
"Customs duties according to the unified customs tariff of the Council, except for what is exempted under an international agreement within the framework of the Gulf Cooperation Council, and accordingly the Saudi side is unable to provide any exemptions from customs duties," reads the embassy's note verbale.
Bangladesh exported only US$290 million to the KSA in the fiscal year (FY) 2021-22. Of the total volume, around U$ 144 million was RMG shipments, according to the Export Promotion Bureau (EPB) data.
But the actual volume of exports to the Gulf country is higher as a significant amount of export is conducted through informal channels, for instance, cargo or baggage.
KSA is the 24th largest export destination of Bangladesh out of 202 countries, while the Gulf country is also the 26th largest destination for Bangladeshi RMG items.
There is a huge opportunity for Bangladeshi products, including home textiles, agricultural products, leather goods, jute and ceramics, in the KSA.
The government and exporters concerned are sincerely working to explore the untapped market potential in Saudi Arabia as it is an important player in the Gulf region, said exporters.
Bangladesh's export earnings from the KSA can reach $5.0-7.0 billion within the next couple of years if the government takes right initiatives, they observed.
Now, Bangladesh is one of the largest recipients of remittance. And the KSA has been the largest hub of foreign remittance into Bangladesh.
rezamumu@gmail.com

Saudi Arabia says 'no' to Bangladesh request for customs duty exemption

The Kingdom of Saudi Arabia (KSA) has declined to provide any exemption from customs duties to Bangladeshi products due to a unified customs tariff system of Gulf countries. Bangladesh requested the Saudi authorities to exempt customs duties on its 130 products during the fourteenth session of the

thefinancialexpress.com.bd

And we say no to their Wahhabi indoctrination!

Bangladesh is Sufi country!

Naming our national airport after our greatest Sufi Saint was a slap in the face of Wahhabis.

@UKBengali
@EasyNow

 

[EasyNow]

It was worth a try - costs nothing to ask!

With $290m of exports, it's not exactly a game changer but BD exports to gcc have a lot of growth potential.

 

[villageidiot]

Saudi Arabia says 'no' to Bangladesh request for customs duty exemption​

It mentions already available GCC unified customs tariff system a reason​

---

REZAUL KARIM | Published: December 22, 2022 09:43:00 | Updated: December 22, 2022 17:12:30

---

Illustrative image



The Kingdom of Saudi Arabia (KSA) has declined to provide any exemption from customs duties to Bangladeshi products due to a unified customs tariff system of Gulf countries.
Bangladesh requested the Saudi authorities to exempt customs duties on its 130 products during the fourteenth session of the Saudi-Bangladeshi Joint Committee meeting, held in Riyadh on October 30-31.
To this effect, the embassy of KSA in Dhaka has recently conveyed it to the Bangladesh foreign ministry through a note verbale. A note verbale is a diplomatic communication from one government to another, delivered through each other's diplomatic representatives.
The ministry then forwarded the letter to the commerce ministry.
"…the Bangladeshi side participated with 213 products in which requested from the Saudi side to study the possibility of exempting them from customs duties," according to the verbale.
The KSA has been associated with the Gulf Cooperation Council (GCC) countries in a customs union since January 1, 2003.
"Customs duties according to the unified customs tariff of the Council, except for what is exempted under an international agreement within the framework of the Gulf Cooperation Council, and accordingly the Saudi side is unable to provide any exemptions from customs duties," reads the embassy's note verbale.
Bangladesh exported only US$290 million to the KSA in the fiscal year (FY) 2021-22. Of the total volume, around U$ 144 million was RMG shipments, according to the Export Promotion Bureau (EPB) data.
But the actual volume of exports to the Gulf country is higher as a significant amount of export is conducted through informal channels, for instance, cargo or baggage.
KSA is the 24th largest export destination of Bangladesh out of 202 countries, while the Gulf country is also the 26th largest destination for Bangladeshi RMG items.
There is a huge opportunity for Bangladeshi products, including home textiles, agricultural products, leather goods, jute and ceramics, in the KSA.
The government and exporters concerned are sincerely working to explore the untapped market potential in Saudi Arabia as it is an important player in the Gulf region, said exporters.
Bangladesh's export earnings from the KSA can reach $5.0-7.0 billion within the next couple of years if the government takes right initiatives, they observed.
Now, Bangladesh is one of the largest recipients of remittance. And the KSA has been the largest hub of foreign remittance into Bangladesh.
rezamumu@gmail.com

Saudi Arabia says 'no' to Bangladesh request for customs duty exemption

The Kingdom of Saudi Arabia (KSA) has declined to provide any exemption from customs duties to Bangladeshi products due to a unified customs tariff system of Gulf countries. Bangladesh requested the Saudi authorities to exempt customs duties on its 130 products during the fourteenth session of the

thefinancialexpress.com.bd

Khan sb. jaan deyo. hamare liye kon sa saudiyon ne dhoodh ki nehrain baha di hn.

@Bilal9

 

[BananaRepublicUK]

Khan sb. jaan deyo. hamare liye kon sa saudiyon ne dhoodh ki nehrain baha di hn.

@Bilal9

Pls stop speaking Hindi on this thread.

 

[Imran Khan]

Khan sb. jaan deyo. hamare liye kon sa saudiyon ne dhoodh ki nehrain baha di hn.

@Bilal9

تن ارب ڈالر رکھوا دتے ہور کی کرن تواڈی خدمت ؟؟؟؟؟؟؟؟

 

[villageidiot]

Pls stop speaking Hindi on this thread.

I get it. You only speak Murican here?
BTW, that's not hindi. That's your archnemesis Urdu, with a little bit of Punjabi.

Besides the message was meant for , @Imran Khan and he'll get it.

تن ارب ڈالر رکھوا دتے ہور کی کرن تواڈی خدمت ؟؟؟؟؟؟؟؟

kis zamane me rehte hn? ab 30 arab dollar se niche baat nhi ban'ni

 

[BananaRepublicUK]

I get it. You only speak Murican here?
BTW, that's not hindi. That's your archnemesis Urdu, with a little bit of Punjabi.

Besides the message was meant for , @Imran Khan and he'll get it.


kis zamane me rehte hn? ab 30 arab dollar se niche baat nhi ban'ni

Tell me which word in your sentence was not Hindu?

 

[Imran Khan]

I get it. You only speak Murican here?
BTW, that's not hindi. That's your archnemesis Urdu, with a little bit of Punjabi.

Besides the message was meant for , @Imran Khan and he'll get it.


kis zamane me rehte hn? ab 30 arab dollar se niche baat nhi ban'ni

تیس ارب ڈالر تو انکے پاس خؤد نہین ہیں ۔ کوئی لین دین والی گل کرو ۔ کرونا کے لیے انہوں نے 15 فیصد ٹیکس لگایا تھا کرونا کب کا چلا گیا ٹیکس ختم نہین کیا ۔

 

[villageidiot]

تیس ارب ڈالر تو انکے پاس خؤد نہین ہیں ۔ کوئی لین دین والی گل کرو ۔ کرونا کے لیے انہوں نے 15 فیصد ٹیکس لگایا تھا کرونا کب کا چلا گیا ٹیکس ختم نہین کیا ۔

sir , topi drama he. qatar walon ne 200 billion USD aik world cup pe lga diya he. Saudiyon ne bhi kuch jama poonji rkhi ho gi.
I am just saying, in the interest of Baradarana ta'aluqat, .........

 

[Imran Khan]

sir , topi drama he. qatar walon ne 200 billion USD aik world cup pe lga diya he. Saudiyon ne bhi kuch jama poonji rkhi ho gi.
I am just saying, in the interest of Baradarana ta'aluqat, .........

ایمانداری سے بتاؤں تو انکی حالت بھی اب اتنی اچھی نہیں رہی ۔ 2005 کے بعد انکی اپنی اکانومی اچھی نہیں جا رہی ۔ ٹیکس لگائے گئے ۔ فیسیں آسمان پر پہنچ گئیں ۔ جرمانوں کو اندھا دھند لگایا جا رہا ہے ۔ مہنگائی ہو رہی ہے ۔خزانے کا بڑا حصہ انویسٹ کر دیا گیا ہے ساورن ویلتھ فنڈ کے نام پر ۔ غریب سعودی مزید غریب ہو رہے ہیں ۔ اب صرف بھرم باقی ہے پرانے زمانے والا ورنہ وہ بات نہیں ۔ خلیج میں قطر اور امارات کی حالت اچھی ہے بحرین کی متوسط ہے سعودی کویت عمان کی پتلی ہے ۔عراق جو کبھی خلیج کا طرہ تھا تباہ ہو چکا ہے ۔

 

[HttpError]

Pls stop speaking Hindi on this thread.

STFU, it is URDU not HINDI.

 

[Imran Khan]

STFU, it is URDU not HINDI.

forgive him they did not understand difference . some words in his post were not even urdu buy punjabi . like jaan deyo

 

[_NOBODY_]

Khan sb. jaan deyo. hamare liye kon sa saudiyon ne dhoodh ki nehrain baha di hn.

@Bilal9

Saudis have already done too much for us.

 

[Imran Khan]

Saudis have already done too much for us.

specially after our nuke tests .

How Saudi Arabia stood by Pakistan after nuclear tests

Khalid Mahmood, former Pakistani ambassador to Saudi Arabia. (AN photo)


Updated 18 February 2019
Sib Kaifee
February 18, 2019 01:16
1590

• Former Pakistani ambassador Khalid Mahmood says Pakistani officials did not tell Riyadh of its intent to test
• Envoy reiterates King Fahd stood firm with Pakistan despite international pressure

ISLAMABAD: Khalid Mahmood was in Jeddah on the afternoon of May 28, 1998, waiting to receive a delegation, when news broke that Pakistan had conducted five underground nuclear tests under then-Prime Minister Nawaz Sharif.
Mahmood, who was Pakistan’s ambassador to Saudi Arabia at the time, sat in his hotel room watching TV reports of the tests and awaiting instructions on his next move from the Foreign Ministry.
By that evening, he told Arab News, he decided to break protocol and make contact with the Royal Court, requesting an urgent meeting with then-King Fahd the following day, a non-working Friday.
To Mahmood’s surprise, the king agreed. By then, the ambassador had also received instructions from Islamabad: A diplomatically isolated Pakistan was to seek the support of the king and crown prince.
Mahmood denied the widely held opinion that Pakistani officials had already informed Riyadh of their intent to test. “It’s not true that I conveyed to them (the Saudis) that we were going to have this nuclear test,” he said.
Mahmood described how, with “great fanfare and (motorcycle) escorts,” he was taken to the palace, where the king apologized for not being able to get up to greet him on account of a bad knee. “It was so very gracious of him,” Mahmood said. “Nobody expects the king to get up and receive (diplomats).”
After listening to Islamabad’s reasons for the surprise nuclear tests, Mahmood said the king was brief in his response.
“He said we are against what you have done because we are a member of the non-proliferation treaty. But we know and understand why you have done it. And we will support you more than you expect of us.”
After Pakistan tested the weapons, the US imposed harsh sanctions, including cutting off trade credits, private bank loans and support for loans not based on relief from the World Bank and International Monetary Fund. Arms sales and military aid to Pakistan were already cut off under separate legislation in 1990, when it was determined that Pakistan had nuclear weapons.
At this difficult moment in Pakistan’s history, Mahmood said, the king’s “depth of brotherly feeling” was touching.
The following day, then-Crown Prince Abdullah bin Abdul Aziz held a longer meeting, officially reiterating the Kingdom’s support for Pakistan, with assurances in the form of a four-year deferred oil financing facility worth roughly $3.4 billion. This gave Pakistan the confidence to go ahead and conduct another nuclear test on May 30, Mahmood said.
A few weeks later, the envoy was called in again for a meeting with the crown prince, who had been receiving persistent calls from US President Bill Clinton asking Riyadh to reconsider its position on Pakistan.
But the crown prince refused to comply. “Our relations with Pakistan are of a different nature,” Mahmood quoted the crown prince as having told the Americans.

How Saudi Arabia stood by Pakistan after nuclear tests

ISLAMABAD: Khalid Mahmood was in Jeddah on the afternoon of May 28, 1998, waiting to receive a delegation, when news broke that Pakistan had conducted five underground nuclear tests under then-Prime Minister Nawaz Sharif. Mahmood, who was Pakistan’s ambassador to Saudi Arabia at the time, sat in...

www.arabnews.com