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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.

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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%.

English

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