RIYADH: The World Trade Organization General Council has selected Saudi Arabia’s Ambassador to WTO Saqer Abdullah Almoqbel to chair its Trade Policy Review Body for 2023-2024.
Almoqbel is the first Arab ambassador to the WTO to preside over the TPRB.
The TPRB aims to facilitate the efficient operation of the multilateral trading system by increasing the transparency of WTO members’ trade policies. All members are subject to review every two to six years under the mechanism.
Periodically, the agency releases reports on the global economy, including detailed chapters examining the trade policies and practices of each member, as well as descriptions of the trade policymaking institutions and the macroeconomic environment.
Saudi Arabia’s new position at TPRB reinforces its leadership position within the WTO. In addition to being the organization coordinator for the Arab group, the Kingdom has chaired the Council for Trade in Services, the Council for Trade-Related Aspects of Intellectual Property Rights, the Working Group on Transfer of Technology, and the Committee for Balance of Payments Restrictions in previous years.
