AIRLINK 79.90 Decreased By ▼ -0.49 (-0.61%)
BOP 4.91 Decreased By ▼ -0.01 (-0.2%)
CNERGY 4.34 Decreased By ▼ -0.01 (-0.23%)
DFML 45.44 Decreased By ▼ -0.07 (-0.15%)
DGKC 89.00 Increased By ▲ 0.20 (0.23%)
FCCL 23.75 Increased By ▲ 0.19 (0.81%)
FFBL 33.00 No Change ▼ 0.00 (0%)
FFL 9.60 Increased By ▲ 0.03 (0.31%)
GGL 10.19 Decreased By ▼ -0.08 (-0.78%)
HASCOL 6.70 Decreased By ▼ -0.01 (-0.15%)
HBL 112.98 Decreased By ▼ -0.02 (-0.02%)
HUBC 142.17 Decreased By ▼ -0.39 (-0.27%)
HUMNL 11.70 Decreased By ▼ -0.20 (-1.68%)
KEL 5.04 No Change ▼ 0.00 (0%)
KOSM 4.47 Decreased By ▼ -0.03 (-0.67%)
MLCF 39.25 Increased By ▲ 0.32 (0.82%)
OGDC 131.90 Decreased By ▼ -0.10 (-0.08%)
PAEL 25.80 Increased By ▲ 0.05 (0.19%)
PIBTL 6.57 No Change ▼ 0.00 (0%)
PPL 119.30 Decreased By ▼ -0.25 (-0.21%)
PRL 25.79 Decreased By ▼ -0.31 (-1.19%)
PTC 13.96 Decreased By ▼ -0.10 (-0.71%)
SEARL 57.97 Increased By ▲ 0.46 (0.8%)
SNGP 65.98 Decreased By ▼ -0.12 (-0.18%)
SSGC 10.15 Decreased By ▼ -0.04 (-0.39%)
TELE 8.34 Increased By ▲ 0.02 (0.24%)
TPLP 10.66 Increased By ▲ 0.10 (0.95%)
TRG 68.65 Increased By ▲ 0.50 (0.73%)
UNITY 27.00 Decreased By ▼ -0.13 (-0.48%)
WTL 1.35 No Change ▼ 0.00 (0%)
BR100 7,920 Decreased By -11.1 (-0.14%)
BR30 25,687 Decreased By -61.6 (-0.24%)
KSE100 75,466 Decreased By -109.2 (-0.14%)
KSE30 24,163 Decreased By -48.6 (-0.2%)
World

US urges Saudi Arabia to give up special developing nation status at WTO

  • 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.
Published March 3, 2021

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.

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.

Comments

Comments are closed.