Riyadh demanded that it no longer seek special and preferential treatment in the World Trade Organization negotiations
Yesterday, Wednesday, the United States called on Saudi Arabia to abandon the special and differential treatment in the World Trade Organization negotiations.
She indicated that the World Bank classified Saudi Arabia – the member state of the Group of Twenty – a high-income country.
Washington said in a statement to the World Trade Organization: “Saudi Arabia is a rich and influential country in the global economy … We demand that Saudi Arabia no longer seek special and preferential treatment in the current and future World Trade Organization negotiations.”
By taking this step, she added, Saudi Arabia is making a major contribution to ensuring that the WTO remains a viable forum for meaningful trade negotiations.
In a statement directed at the Trade Organization’s periodic review of the kingdom’s trade policies, the US delegation urged Saudi Arabia to improve protection of intellectual property rights, and expressed concerns about data privacy and planned reviews of a selective beverage tax.
Washington said in a speech by David Beasby, Chargé d’Affairs at the US mission to the Trade Organization, and published by the mission in Geneva, that it favors a shift to a graduated tax based on the sugar content, with an exemption for drinks that do not contain it.