WASHINGTON, DC (By US Treasury, 17.Nov.2025, Words: 404) â On 17 Nov.2025, the US Department of the Treasury and the Kingdom of Saudi Arabia signed 2 new frameworks for enhanced cooperation between our countries.
As part of president Donald J. Trumpâs historic strategic economic partnership with Saudi Arabia, announced in May 2025, these new frameworks further deliver on the presidentâs foreign policy vision that benefits America and its people first. Treasury is keen to leverage our partnership with Saudi Arabia to advance our America First priorities and deliver value for the American taxpayer.
As signed by secretary Scott Bessent and finance minister Mohammed Aljadaan, the financial and economic partnership arrangement solidifies our cooperation and advances key priorities at the World Bank, IMF, and G20 to ensure that these institutions deliver for Americans. As part of this arrangement, our nations will also continue our close cooperation on anti-money laundering and counter-terrorist financing issues to make our financial system even safer. Â
Bessent and Aljadaan also signed the arrangement regarding capital markets collaboration with Saudi Arabia to work to improve the efficiency and effectiveness of capital markets activity between our jurisdictions, focusing on capital markets technology, standards, and regulations. Efficiently moving capital for investments between our economies is a key catalyst to realize the full economic potential of the relationship between our countries. We are working to leverage our financial assets to drive growth that benefits the American people. Treasury will lead this engagement for the US, working in close coordination with key regulators.
Treasury also welcomes the strategic framework for cooperation on securing uranium, metals, permanent magnets, and critical minerals supply chains, which will help enable two-way investment in this essential sector and is a cornerstone of the strategic partnership between our nations. Treasury is pleased to have contributed to this strategic framework, and we are committed to maximizing the value of our natural resources. This is an essential step toward building a resilient critical minerals market and global supply chain.
Finally, Treasury and the Zakat, Tax and Customs Authority of Saudi Arabia have also come to agreement in principle on the text of a tax information exchange agreement. This should further [Trump]âs America First policy by deepening the economic relationship between the US and Saudi Arabia and enhancing both nationsâ abilities to prevent and punish cross-border tax abuse and fraud.
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