Since 1995, Saudi Arabia has been a part of the WTO. The European Union is a common market and customs union between member countries. This single market involves five key aspects of free movement of trade and services between countries in the World: Trade Negotiations The WTO agreements cover goods, services and intellectual property. They spell out the principles of liberalization, and the permitted exceptions. They include individual countries’ commitments to lower customs tariffs and other trade barriers, and to open and keep open services markets. Implementation and monitoring - WTO agreements require governments to make their trade policies transparent by notifying the WTO about laws in force and measures adopted. Dispute Settlement - The WTO’s procedure for resolving trade quarrels under the Dispute Settlement Understanding is vital for enforcing the rules and therefore for ensuring that trade flows smoothly. Building Trade capacity - WTO agreements contain special provisions for developing countries, including longer time periods to implement agreements and commitments, measures to increase their trading opportunities, and support to help them build their trade capacity, to handle disputes and to implement technical standards. Outreach - The WTO maintains regular dialogue with non-governmental organizations, parliamentarians, other international organizations, the media and the general public on various aspects of the WTO and the ongoing Doha negotiations, with the aim of enhancing cooperation and increasing awareness of WTO activities.
Since 1995, Saudi Arabia has been a part of the WTO. The European Union is a common market and customs union between member countries. This single market involves five key aspects of free movement of trade and services between countries in the World: Trade Negotiations The WTO agreements cover goods, services and intellectual property. They spell out the principles of liberalization, and the permitted exceptions. They include individual countries’ commitments to lower customs tariffs and other trade barriers, and to open and keep open services markets. Implementation and monitoring - WTO agreements require governments to make their trade policies transparent by notifying the WTO about laws in force and measures adopted. Dispute Settlement - The WTO’s procedure for resolving trade quarrels under the Dispute Settlement Understanding is vital for enforcing the rules and therefore for ensuring that trade flows smoothly. Building Trade capacity - WTO agreements contain special provisions for developing countries, including longer time periods to implement agreements and commitments, measures to increase their trading opportunities, and support to help them build their trade capacity, to handle disputes and to implement technical standards. Outreach - The WTO maintains regular dialogue with non-governmental organizations, parliamentarians, other international organizations, the media and the general public on various aspects of the WTO and the ongoing Doha negotiations, with the aim of enhancing cooperation and increasing awareness of WTO activities.