In which year did the Kingdom of Saudi Arabia formally join the World Trade Organization (WTO) as its 149th member after a decade of trade negotiations?
Answer and explanation
Correct answer: B. 2005
- Step 1: Examine multilateral trade accession: Saudi Arabia pursued extensive structural, legal, and economic reforms to align with multilateral trade standards.
- Step 2: On December 11, 2005, the Kingdom formally acceded to the World Trade Organization (WTO) under King Abdullah bin Abdulaziz.
Answer
2005.
Why not the others: '1995' was the year the WTO was established; '1999' was when Saudi Arabia concluded early bilateral market protocols; '2001' was the launch of the Doha Development Round.
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