November 20, 2017 10:52

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GCC to unveil new customs mechanism to boost trade

09:49 | 02/08/2016

The Gulf Cooperation Council (GCC) countries will start implementing the first phase of a new custom mechanism to boost inter-GCC trade from November 1.

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The mechanism — ‘Activating the first role of GCC customs check posts’ — will make radical changes in GCC customs, inter-trade and common economic processes, QNA reports, quoting a statement from the Federation of GCC Chambers.

The mechanism will be implemented at six ports — Doha Port (Qatar); Jeddah Islamic Port (Saudi Arabia); Khalifa Bin Salman Port (Bahrain); Shuwaikh Port (Kuwait); Khalifa Port (UAE); and Sahara Port (Oman).

The GCC made significant achievements regarding unified customs law and system for customs procedures to implement a unified customs law and remove obstacles in enhancing inter-trade.

The mechanism will help boost business and commercial activities and attract investment among member countries.

The decision will also help remove hindrances in business activities related to inspection of goods and delay in clearance of truckloads of goods.

It will also help ease the procedures of commercial dealership law.

Source: thepeninsulaqatar.com