ANNOUNCEMENT 09 Dec 2009In December 2009, the government of Saudi Arabia announced an alteration to its export prohibitions.
NUMBER OF INTERVENTIONS
SOURCE: Royal Embassy of Saudi Arabia in Washington DC
News reports and those of the Chamber of Commerce confirm the facts. Indeed, the Chamber of Commerce went on to note that its representatives from the automobile sector had asked that the ban only be applied to cars 8 years or older.
SOURCE: Asharqia Chamber of Commerce
More recent newspapers also confirm the manoeuvre:
On 9 June 2009 Saudi Customs announced a ban the import of used cars older than 5 years for passenger cars, buses and light transport. The importation of heavy trucks over the age of 10 years was also banned. Imports of spare parts for old vehicles were not banned. A six-month grace period has been granted to Saudi importers to adjust, effectively postponing implementation until December 2009. No reason for the ban has been reported.
In 2008 140,000 used cars that were older than 5 years were imported. The total value of those imports was SR17.5 billion (US$4.7 billion) and accounted for a quarter of the value of all cars imported into Saudi Arabia in 2008.