The suspension or cancellation of customs duties is a procedure sometimes taken by governments to stimulate the economy or support certain sectors. Here are some potential contexts for "suspension of customs duties":
1. **International Trade Agreements**
- Countries may eliminate customs duties between them as part of free trade agreements (such as the **GCC** agreement for Gulf countries or **CAFTA** between the United States and Central American countries).
2. **Temporary Exemptions**
- Some countries suspend customs duties on specific goods for a temporary period, such as:
- **Medicines and medical supplies** (during health crises like the COVID-19 pandemic).
- **Essential food items** (to alleviate burdens on citizens).
3. **Special Economic Zones**
- In free zones or economic areas (example: **Dubai Free Zone** or **NEOM** in Saudi Arabia), goods are often exempt from customs duties to attract investments.
4. **Economic Reforms**
- Some countries reduce or eliminate customs duties as part of economic reform plans.
- Example: **Saudi Arabia** reduced customs duties on selected goods as part of Vision 2030.
5. **Emergency Situations**
- In natural disasters or humanitarian crises, countries may suspend customs duties on urgent aid.