US urges Saudi Arabia to give up special developing nation status at WTO
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
Flag of Saudi Arabia. Picture: Collected
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.
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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