2000 News Story

Commerce minister attends WTO talks in Geneva

Addressing a meeting of the working team concerned with the Kingdom's admission to the World Trade

Organization (WTO) that was held recently in Geneva, Minister of Commerce Osama Faqih reported that

Saudi Arabia had completed bilateral negotiations and signed agreements for accession to the commodities

and services markets of ten important commercial partners, namely Japan, Australia, Pakistan, Uruguay,

Canada, South Korea, Mexico, Brazil, Venezuela and Argentina. The signing of these agreements, he stated, is clear evidence of the high quality and comprehensiveness of what Saudi Arabia has to offer. Minister Faqih also pointed out the country's issuance of systems and statutes such as the Foreign Investment Law in April. He concluded by declaring that the Kingdom of Saudi Arabia deeply believes that it has met the required conditions for admission to the WTO.