Calls to Accelerate Arab Countries’ Accession to WTO

The headquarters of the World Trade Organization (WTO) in Geneva, Switzerland. (Twitter)
The headquarters of the World Trade Organization (WTO) in Geneva, Switzerland. (Twitter)
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Calls to Accelerate Arab Countries’ Accession to WTO

The headquarters of the World Trade Organization (WTO) in Geneva, Switzerland. (Twitter)
The headquarters of the World Trade Organization (WTO) in Geneva, Switzerland. (Twitter)

A joint Arab ministerial statement underlined the need to accelerate the accession of Arab countries to the World Trade Organization (WTO).

Saudi Minister of Commerce Dr. Majid Bin Abdullah Al-Qasabi, who is also head of the Board of Directors of the General Authority for Foreign Trade, chaired on Sunday the preparatory meeting of Arab commerce ministers, ahead of the 12th ministerial meeting of the World Trade Organization, which will be held in Geneva on Nov.20 -Dec. 3.

Speaking on the occasion, Qasabi stressed the importance of highlighting the vital and active role that the Arab Group plays in international and economic organizations, especially within the WTO.

“A joint ministerial statement was issued containing consensual and common visions of the Arab countries on various issues within the framework of the World Trade Organization,” Qasabi said.

The ministerial statement underlined the need to facilitate and accelerate the accession of Arab countries to the organization, provide technical assistance and capacity building for developing and least developed countries.

It also stressed the need to grant the League of Arab States observer status in the WTO and support the State of Palestine’s request for an observer status, as well as include Arabic as an official working language.



Saudi Arabia Pledges $25 Bln Investment to Support Africa

Engineer Waleed Al-Khuraiji attends Africa Day reception in Riyadh (Asharq Al-Awsat)
Engineer Waleed Al-Khuraiji attends Africa Day reception in Riyadh (Asharq Al-Awsat)
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Saudi Arabia Pledges $25 Bln Investment to Support Africa

Engineer Waleed Al-Khuraiji attends Africa Day reception in Riyadh (Asharq Al-Awsat)
Engineer Waleed Al-Khuraiji attends Africa Day reception in Riyadh (Asharq Al-Awsat)

Saudi Arabia on Wednesday announced ambitious plans to scale up its diplomatic and economic presence in Africa, aiming to boost its investments on the continent to more than $25 billion by 2030, as part of a broader strategy to strengthen development and economic partnerships with African nations.

Deputy Foreign Minister Waleed Al-Khuraiji said the Kingdom intends to expand its network of embassies across the continent to more than 40 in the coming years, underscoring Riyadh’s commitment to deepening its engagement with Africa.

Speaking at a reception marking Africa Day at the Cultural Palace in Riyadh’s Diplomatic Quarter, Al-Khuraiji revealed that Saudi Arabia would provide $10 billion in export financing and secure an additional $5 billion in development funding for African countries by the end of the decade.

“Africa holds a central position in the Kingdom’s foreign policy and diplomatic outreach,” Al-Khuraiji said, noting that Saudi Arabia is keen to enhance cooperation in trade, integration, and multilateral coordination on shared global issues.

He added that the Kingdom has already contributed more than $45 billion to development and humanitarian projects in 54 African countries.

Of that, over $450 million was provided by the King Salman Humanitarian Aid and Relief Center to support efforts in 46 African nations.