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Trade Policy Review: The Kingdom of Saudi Arabia 2012

image of Trade Policy Review: The Kingdom of Saudi Arabia 2012

“Trade Policy Reviews” analyse the trade policies and practices of each member of the WTO. The reviews consist of three parts: an independent report by the WTO Secretariat, a report by the government, and the concluding remarks by the Chair of the WTO’s Trade Policy Review Body. The opening section - “key trade facts” - provides a visual overview of the WTO member’s major exports/imports, main export destinations, origins for its imports and other key data. This edition looks into the trade practices of The Kingdom of Saudi Arabia.

English

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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.

English

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