Taqs
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

12-point strategy to boost inter-GCC trade in spotlight  Join our daily free Newsletter

MENAFN - Arab News - 11/01/2014

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - Arab News) The GCC Customs Union Authority (GCCCUA) and Federation of GCC Chambers (FGCCC) have jointly explored 12-point recommendations proposed by the GCCCUA on ways of activating inter-GCC trade and facilitate customs formalities, Saudi Press Agency reported.

The recommendations were discussed at a recent meeting, organized by the FGCCC, at the Council of Saudi Chambers (CSC) premises in Riyadh.

The recommendations called for the promotion of customs procedures.

The GCCCUA also called for the increase of working hours at joint land ports, easing of movement of truck drivers of non-GCC citizens with multiple entry visas, training and rehabilitation of staff at customs ports, privatization of certain categories of customs ports, integration of customs centers to avoid dual customs tariffs, reduction of customs procedures and focusing on security precautions, establishment of a data center and have it linked with all customs ports, and adoption of a single electronic customs clearance system.

To address the issue of truck pile-up at customs ports, the GCCCUA proposed the establishment of an independent track for unloaded (empty) trucks, which need no customs clearance and make up 51 percent of truck activity, another track for trucks carrying tangible loads such as steel, which could easily be seen and checked.

The GCCCUA supported a call made by the GCC Supreme Council at its 22nd session in Oman to exempt the gold products and precious metals industry from customs duties.

The GCCCUA said the mechanism of joint customs fee collection be reconsidered to become more flexible, a matter that will boost flow of goods and open up markets between the GCC countries.

Goods and truck pile-up at customs ports has created enormous problems for both business and land transport sectors and has adversely affected the industrial firms in meeting obligations and timelu delivery of their products to customers, the GCCCUA said.

 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help