Saudi Arabia Enhances Agricultural Sector Support with New Customs Duty Exemption Service
Riyadh, Saudi Arabia – April 3, 2024 – The Ministry of Environment, Water and Agriculture (MEWA) has announced the launch of a significant new service aimed at bolstering the Kingdom’s agricultural sector. This initiative, now available through the “Namaa” platform, allows for the exemption of customs duties on agricultural production inputs, a move that signifies a strong commitment to supporting farmers and enhancing food security within Saudi Arabia.
This valuable service, officially launched on April 3, 2024, empowers agricultural investors and producers to benefit from the state bearing the customs duties on essential materials required for their operations. This includes a wide array of inputs crucial for the agricultural lifecycle, such as seeds, fertilizers, pesticides, animal feed, and other necessary materials. By alleviating the financial burden of customs tariffs, MEWA is actively working to reduce operational costs for farmers and agricultural enterprises, thereby fostering greater competitiveness and sustainability within the sector.
The Namaa platform, a digital gateway developed to streamline and facilitate government services, is at the heart of this new offering. Its user-friendly interface ensures that eligible entities can easily access and utilize this customs duty exemption, making the process efficient and transparent. This digital transformation in service delivery underscores the Ministry’s dedication to leveraging technology for the advancement of the agricultural industry.
The introduction of this service is expected to have a multifaceted positive impact. Firstly, it will directly contribute to lowering the cost of production for Saudi farmers, making their produce more competitive both domestically and potentially in international markets. Secondly, by ensuring a consistent and more affordable supply of essential inputs, it will help stabilize and increase agricultural output, contributing significantly to the Kingdom’s broader goals of food self-sufficiency and security. Furthermore, this initiative aligns with the objectives of Saudi Vision 2030, which emphasizes the development and diversification of the national economy, with a particular focus on strengthening the agricultural and food sectors.
MEWA’s proactive approach in providing tangible support to the agricultural community reflects its understanding of the challenges faced by the sector and its commitment to fostering a thriving environment for growth. This new service is a testament to the Ministry’s continuous efforts to empower stakeholders and drive innovation within Saudi agriculture. Farmers and agricultural businesses are encouraged to explore the Namaa platform to learn more about eligibility criteria and the application process for this beneficial service.
“البيئة”: خدمة تحمّل الدولة الرسوم الجمركية لمدخلات الإنتاج الزراعي متاحة عبر منصة “نما”
AI has delivered the news.
The answer to the following question is obtained from Google Gemini.
mewa.gov.sa published ‘”البيئة”: خدمة تحمّل الدولة الرسوم الجمركية لمدخلات الإنتاج الزراعي متاحة عبر منصة “نما”‘ at 2024-04-03 00:00. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.