Arab News, Saturday, Aug 21, 2021 | Muharram 13, 1443
Saudi Arabia looks for free trade agreement with 11 countries in exports push
Saudi Arabia:
Saudi Arabia is looking for
more trading partners under free trade agreements as the country aims at
increasing non-oil exports share in GDP. The kingdom is resuming negotiations
for free trade agreements with 11 countries, Okaz paper reported, citing a
circular by the Federal of Saudi Chambers (FSC) to all chambers of commerce
operating in the Kingdom, based on a directions of the General Authority for
Foreign Trade (GAFT).
Target countries are China, India, Pakistan, Australia, New Zealand, Britain,
Indonesia, the Philippines, Bangladesh, Sri Lanka, and the United States of
America. The Kingdom aims to export services including transport, distribution,
professional and financial services, communication services, postal services as
well as express mail, media, hotel, construction and contracting, education and
training, travel and tourism, environmental, and entertainment.
The Saudi Exports Development Authority (SEDA) announced on Wednesday, it will
identify over 120 international tendering opportunities in a number of target
countries, mainly covering construction and industrial supplies and
infrastructure projects. A request to comment about the circular was sent to the
Federal of Saudi Chambers (FSC), but they did not reply.