Saudi Arabia's WTO Accession

It was a historic day when the major trading nations approved Saudi Arabia's accession to the World Trade Organization (WTO). It marks the beginning of a new era for the Saudi Economy, and the GCC region as a whole. The 28th of October marks the day which all major trading nations welcomed Saudi Arabia as part of the WTO body... The acceptance of Saudi's package must be endorsed by the General Council (during the special session that is going to be held on the 11th of November) which most officials say that it's a foregone conclusion. I personally can't wait till I hear it on Friday, when Pascal Lamy welcomes The Kingdom of Saudi Arabia as part of the WTO. it is a step that has been long overdue 12 years to be exact when Saudi Arabia submitted it's documents to join the predecessor of the WTO, the General Agreement on Tariffs and Trade (GATT). and now is the time for everyone to be rewarded. Most Saudi's believe in the market mechanism and after signing the Trade Agreement with the United States last month, it was obvious that this decision was coming sooner than later, so congratulations to Saudi, Saudis and the rest of the trading nations on the approval of the accession documents of Saudi Arabia.