mc_gov_sa · law · processed · 18 chunks
[Non-Text] وزاره التجاره Ministry of Commerce VISION دلد 230 العربيه السعوديه KINGDOM OF SAUDI ARABIA The Law on the Authorities of The Ministry of Commerce Article 1: This Law shall be cited as the Law on the Authorities of the Ministry of Commerce. Article 2: The Minister of Commerce shall be responsible for the execution of commercial policy and commercial development in the Kingdom in general, and for the enforcement of the provisions of this Law. Article 3: The Ministry shall establish an administration for internal and external trade, which shall be entrusted with the following duties: a) Regulating trade development means, supervising the regulation of the state of internal markets, exploitation, storage, and capping the prices if need calls for such measures, gradually and as necessitated by the development of goods' prices in general. b) Chambers of commerce in the Kingdom shall be under the auspices of the Ministry of Commerce, the Ministry of Commerce shall supervise them, issue and execute regulations therefor, direct the same for the achievement of its mission, and control the accounts thereof as all the affairs and transactions thereof are connected with the Ministry of Trade. c) Issuing and supervising the enforcement of regulations concerning all matters relevant to scales, standards, weights and stamping on jewels and precious metals. d) Regulating all matters relevant to import and export and studying custom duties and their impact on commercial activity. e) Studying and regulating issues relevant to external trade and working towards finding markets for all crops and products of all types outside the Kingdom, along with all issues relevant to export, import, and studying economic commercial affairs of the Kingdom and the relation thereof with external trade. f) Study and prepare draft commercial treaties with other countries in agreement with the Ministry of Exterior Affairs. g) Appointing commercial attaches in Saudi Arabian representations abroad in agreement with the Ministry of Foreign Affairs. Article 4: Study and draft specifications of tariffs and customs duty with the Ministry of Finance. Article 5: Establishing an administration for companies that shall be responsible for: a) Supervising the application of the Companies Law, calling for amendment of its bylaws and inspecting companies. b) Forming a permanent committee, consisting of the Minister of Finance and National Economy and the Ministry of Commerce or the delegates thereof to study projects, proposals and offers of investment or concessional nature and provide its opinions to the Council of Ministers. Article 6: The Ministry shall establish a section for commercial statistics for its benefit and for monitoring trade balance of general imports and exports and the national production of all types. +966 11 294 4444 | Riyadh 11162 لارياض Kingdom of Saudi Arabia | المملكه العربيه السعوديه @ SaudiMCI www.mci.gov.sa 1 [Non-Text] وزاره التجاره Ministry of Commerce VISION 2330 دولیک اعلید سدور KINGDOM OF SAUDI ARABIA Article 7: Maintaining trade balance in the Kingdom and endeavouring to the extent possible to specify commodities for importers, according to their areas of speciality in order to avoid over-importation to the extent that will result in freezing monies, hindering trade movement, and exposing importers to losses. Article 8: Distribution over specialised merchants of commodities to which the quotas systems is applied and which are sought to be imported from abroad shall be subject to regulation under the supervision of the Ministry along with the competent ministry. Prices shall be under control so as merchants and retailers are ensured a reasonable profit. Article 9: Combating commercial adulteration of all types and forms, including, by way of example and without limitation, disconformities between samples and sold commodity, counterfeiting of trademarks and brands, and all similar forms of deception and imitation. Article 10: Delegating a specialised representative thereof upon receiving an invitation by a ministry to examine special bids as a result of its awareness of prices in national and foreign markets. Article 11: Establishing a chemistry lab within the Ministry of Commerce to conduct analysis for commercial samples. Article 12: The article was deleted pursuant to a resolution by the Council of Ministers No (536) dated 19/10/1439 H. Article 13: Establishing a commercial registry section, issuing licenses for the practice of all forms of trade and professions, drafting and executing regulations and bylaws needed for this purpose, and registering commercial logs for individuals and companies. Article 14: The Ministry shall establish a section for national and international commercial and industrial exhibitions and conferences, and shall supervise participations in such commercial and industrial exhibitions. Article 15: The article was deleted pursuant to a resolution by the Council of Ministers No (741) dated 23/11/1441 H. Article 16: The Minster of Commerce shall perform the duties entrusted therewith under this Law as per the provisions thereof, the provisions of the Council of Ministers Law and the laws to be issued in the future. Article 17: Provisions in previous laws and instructions contradicting with this Law shall be superseded. ...Made for the previous purposes. +966 11 294 4444 | Riyadh 11162 Kingdom of Saudi Arabia | المملكه العربيه السعوديه @ SaudiMCI www.mci.gov.sa 2