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US urges Saudi Arabia to give up special status at WTO

Wednesday, March 03, 2021, 21:31

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US urges Saudi Arabia to give up special status at WTO

By Reuters

Wednesday, March 03, 2021, 21:31
By Reuters

In this Nov 20, 2020 photo, the Saudi national flag flutters at the historical site of al-Tarif in Diriyah district, on the outskirts of Saudi capital Riyadh. (FAYEZ NURELDINE / AFP)

GENEVA – The United States called on Saudi Arabia on Wednesday to renounce its special and differential treatment in negotiations at the World Trade Organization (WTO), noting the G20 member was designated as a high-income country by the World Bank.

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In a statement to the WTO’s review of the kingdom’s trade policies, the US delegation urged it to improve protection of intellectual property and voiced concerns on planned revisions to its excise tax on beverages.

Washington favoured a switch to a graduated tax based on sugar content while exemting beverages that contain no added sugar, it said.

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