On November 17, the United States Department of the Treasury and the Kingdom of Saudi Arabia signed two new frameworks to enhance cooperation between the two countries. The agreements build on President Donald J. Trump’s Strategic Economic Partnership with Saudi Arabia, which was announced in May 2025.
The Financial and Economic Partnership Arrangement, signed by Secretary Scott Bessent and Finance Minister Mohammed Aljadaan, aims to strengthen collaboration at organizations such as the World Bank, International Monetary Fund (IMF), and G20. The agreement also includes ongoing efforts between both countries to address anti-money laundering and counter-terrorist financing.
Another agreement focuses on capital markets collaboration. This arrangement seeks to improve efficiency in capital markets activity between the United States and Saudi Arabia by concentrating on technology, standards, and regulations. According to officials, improving how capital moves for investments is seen as a way to boost economic growth in both nations.
In addition, the Treasury Department welcomed a Strategic Framework for Cooperation related to securing supply chains for uranium, metals, permanent magnets, and critical minerals. The goal is to enable two-way investment in this sector and support building a resilient global supply chain for critical minerals.
An agreement in principle was also reached between the U.S. Department of the Treasury and Saudi Arabia’s Zakat, Tax and Customs Authority regarding a Tax Information Exchange Agreement. This measure is intended to strengthen economic ties further and help both countries combat cross-border tax abuse and fraud.
“Treasury is keen to leverage our partnership with Saudi Arabia to advance our America First priorities and deliver value for the American taxpayer,” according to the press release.
“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.”
“Secretary Bessent and Finance Minister 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. The Treasury Department will lead this engagement for the United States, 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, the United States Department of the Treasury and the Zakat, Tax and Customs Authority of the Kingdom of Saudi Arabia have also come to agreement in principle on the text of a Tax Information Exchange Agreement. This should further the President’s America First policy by deepening the economic relationship between the United States and Saudi Arabia and enhancing both nations’ abilities to prevent and punish cross-border tax abuse and fraud.”
