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.



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.


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