Arab Today, arab today trade freedom key to economic progress
Last Updated : GMT 13:56:34
Arab Today, arab today
Arab Today, arab today

Trade freedom key to economic progress

Arab Today, arab today

Arab Today, arab today Trade freedom key to economic progress

Jeddah - Arabstoday

A senior Saudi official has emphasized the importance of trade freedom, saying it is the basic requirement for global economic progress. “A multilateral trade system is also vital for facilitating international trade,” said Muhammad Al-Kuthairy, deputy minister of commerce and industry for technical affairs. Addressing a conference of the World Trade Organization in Geneva on Friday, he said: “Saudi Arabia has been enforcing trade freedom and combating protectionism. It avoided imposing any restrictions during global financial crises, following WTO rules.” Saudi Arabia, which coordinates among Arab countries of WTO, also urged the conference to make Arabic one of the organization’s official languages in addition to English, French and Spanish. “This will enable Arab countries to interact quickly and efficiently with WTO and enhance Arabs’ awareness of WTO regulations.” “The Kingdom has fulfilled its commitment to the WTO with the conviction that the next round of Doha talks would bring about a balance between commitments of countries that have recently joined the organization and those who are already its members,” the Saudi Press Agency quoting Al-Kuthairy as saying. Saudi Arabia\'s accession to the WTO was instrumental in increasing its industrial exports. \"We hope to achieve a number of economic benefits from this accession, most importantly the facilitation of Saudi exports to world markets and the increase of foreign investment in the Kingdom,\" a senior official said earlier this month. Saudi exports rose by 31 percent in 2010 to SR941.79 billion compared to SR721.11 billion in 2009, a statistical report said. The volume of exports rose by 7 percent to reach 391,806 tons. Foreign investment in the Kingdom has reached more than SR639 billion as a result of economic reforms introduced by Custodian of the Two Holy Mosques King Abdullah. The Global Competitiveness Report 2011-12, released by the World Economic Forum in September, put Saudi Arabia at No. 17 from No. 21 in 2010-11.  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today trade freedom key to economic progress Arab Today, arab today trade freedom key to economic progress

 



Arab Today, arab today
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced

GMT 05:29 2017 Tuesday ,21 February

Sovereign funds pulled $38bn from markets in 2016
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday