Trade Policy Review: The State of Kuwait 2012

image of Trade Policy Review: The State of Kuwait 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 State of Kuwait.



Report by the WTO Secretariat

The State of Kuwait is implementing a new development strategy centred on a liberal trade regime with the objective of reducing the economy’s high dependence on crude oil and natural gas, which accounts for nearly half of GDP, 95% of export revenues, and more than 80% of government income. To this end, steps are being taken to improve the country’s business environment, increase productivity growth of the non-energy sectors, and increase the participation of the private sector (local and foreign) in the economy from its current low level of about 25%.


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