Arab News
Arab
News,
Tue, Mar 31, 2026 | Shawwal 12, 1447
Saudi Arabia concludes participation in 14th WTO Ministerial Conference, urges reform
Saudi Arabia:
The World Trade Organization’s 14th Ministerial
Conference concluded in Yaounde, Cameroon, from March 26 to 29, 2026.
The Kingdom’s delegation was headed by Farid bin
Saeed Al-Asali, deputy governor for international agreements and organizations
at the General Authority for Foreign Trade, on behalf of the Minister of
Commerce and Chairman of the authority, Majed bin Abdullah Al-Kassabi.
The conference discussed topics including WTO
reform, agriculture, fisheries, development issues, and least developed
countries, as well as the e-commerce work program, the inclusion of the
Investment Facilitation for Development Agreement, and the extension of
exemptions for trade-related intellectual property measures, along with the
accession of several countries to the organization.
During the conference, Saudi Arabia reaffirmed its
full support for efforts to reform the organization, including the dispute
settlement mechanism, as well as efforts to improve food security for developing
member states.
It also reiterated its support for key development
principles, particularly special and differential treatment for developing and
least developed countries, as well as the core pillars of the WTO.
The Kingdom emphasized the importance
of facilitating and accelerating accession procedures for countries seeking to
join the organization, enabling their integration into global trade and value
chains.
Saudi Arabia also highlighted its position in
support of extending the moratorium on customs duties on electronic
transmissions, as well as adopting the Investment Facilitation for Development
Agreement within the organization.
On the sidelines of the conference, Al-Asali met
with New Zealand’s Minister of Trade, Investment and Agriculture, Todd McClay; Ethiopia’s
Minister of Trade and Regional Integration, Kassahun Gofe; and Ethiopia’s State
Minister of Foreign Affairs for Political and Economic Diplomacy, Hadra Abera.
He also met with Austria’s state secretary for
economy, energy and tourism, Severin Gruber; the special advisor to Indonesia’s
Minister of Trade and head of the Indonesian delegation, Johni Martha; and
India’s Commerce Secretary, Rajesh Aggarwal. He also met with Saudi Arabia’s
Ambassador to Cameroon, Ibrahim bin Hamad Al-Ghamdi.
Saudi Arabia’s trade exchange with WTO member
states reached about $537 billion, while its exports totaled approximately $305
billion in 2024.
The General Authority for Foreign Trade aims to
enhance and maximize the Kingdom’s international trade gains, defend its foreign
trade interests, and contribute to the development of the national economy.