Report by the WTO Secretariat

Since its accession to the WTO in December 2005, the Kingdom of Saudi Arabia has continued a development strategy aimed at, inter alia, diversifying its economy away from crude oil and natural gas (23% of real GDP, 91% of government income and 86% of export earnings in 2010). This is being done by promoting downstream industries, improving education and health services, and modernizing infrastructure. The development strategy has been centred on a liberal trade regime and has been accompanied by structural reforms that have created a more business-friendly environment.