Saudi Arabia, Hong Kong Sign MoU to Boost Customs Cooperation

Aleqtsad. Riyadh

Zakat, Tax and Customs Authority Governor Eng. Suhail Abanmi and Hong Kong Customs and Excise Department Commissioner Louise Ho have signed a memorandum of understanding (MoU) to enhance cooperation and mutual administrative assistance in customs matters.
The MoU aims to streamline trade procedures between the two regions, facilitating the movement of goods and boosting economic integration. Key areas of cooperation include coordinating customs procedures to expedite the clearance of goods, exchanging best practices and expertise to improve institutional capabilities, and leveraging advanced technologies to modernize customs operations.
The partnership aligns with Saudi Vision 2030 by strengthening the Kingdom’s position as a global logistics hub, promoting international trade, and driving sustainable economic growth.