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Good
News: Arab
News and Saudi Gazette carried the official announcement on the approved
customs tariff reduction on 180 product imports effective April 1, 2008. The
revised tariff rates cover mainly foodstuffs, building materials and
consumer goods. Some of the
major products with reduced tariffs include bottled water, soap, sanitary
pads, napkins, tissue papers, detergents, gypsum, paints, plastic pipes,
materials required for doors, electric wire, pre-cast building blocks and
fertilizers. Tariff
was also reduced for frozen chicken, eggs, vegetable oils, macaroni, milk,
juices and canned food, from 20 to 5 percent. In a
related development, the Philippine Embassy in Riyadh thru the Philippine
Trade and Investment Office in Jeddah in the Kingdom of Saudi Arabia
reported that foreign businessmen may now be issued trade visas without
the need for an invitation letter from the Chambers of Commerce or a Saudi
firm. Henceforth, Philippine businessmen interested in obtaining a trade visa are advised to directly contact the Saudi Embassy in Manila.
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