The Saudi Standards, Metrology and Quality Organization (SASO) launched a new service granting a certificate of conformity for national exports to foreign markets in cooperation with the relevant authorities.
The new service aims to support the national product, facilitate its access to global markets, and enable manufacturers to obtain a certificate of conformity for their production.
The certificate of conformity contributes to removing obstacles and challenges facing the product in entering global markets, further enhancing its reliability, access, and success.
SASO seeks to issue specifications, technical regulations, and certificates of conformity to support the national economy and prepare the local product for global markets.
Meanwhile, the Saudi Export-Import Bank (EXIM) signed a memorandum of understanding (MoU) with Natixis Corporate and Investment Banking (Natixis CIB), providing a framework of cooperation in trade and export financing to enhance the competitiveness of Saudi exporters in global markets.
The MoU comes in line with the objectives of Vision 2030 to build a more diversified and sustainable economy.
The memorandum seeks primary cooperation between EXIM and Natixis, supporting Saudi companies and increasing their awareness through a series of symposiums and workshops focusing on the importance of commercial and political risk management in international trade cooperation in developing export finance solutions.
Saudi EXIM CBO Naif al-Shammari underlined the growing focus to develop the local content and empower the private sector in Saudi Arabia in line with Vision 2030 objectives to diversify and expand the economic base.
Shammari stressed that Saudi EXIM continues to forge collaborations with leading financial institutions worldwide to promote and strengthen the Kingdom’s non-oil exports and businesses.
“We hope our cooperation will also contribute to the growth and development of international trade while advancing the Kingdom’s non-oil export aspirations,” he said.
