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Article: NATIONAL TRADE ESTIMATE REPORT - SAUDI ARABIA

Article from:
US Fed News Service, Including US State News
Article date:
March 31, 2006
Copyright

The White House's Office of the U.S. Trade Representative issued the following news release:

SAUDI ARABIA

TRADE SUMMARY

Saudi Arabia became a member of the World Trade Organization (WTO) on Dec. 11, 2005. During the process of accession to the WTO, Saudi Arabia extensively revised its trade regime to come into compliance with WTO requirements. Saudi Arabia is working to implement all of the commitments undertaken as part of its accession.

The U.S. goods trade deficit with Saudi Arabia was $20.4 billion in 2005, an increase of $4.7 billion from $15.7 billion in 2004. U.S. goods exports in 2005 were $6.8 billion, up 29.9 percent from the previous year. Corresponding U.S. imports from Saudi ...

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