International trade is subject to trade regulations and industrial policies. The Kingdom of Saudi Arabia is also subject to these regulations because of signed trade treaties or membership in various trade organizations. For this week’s discussion, please:
· Discuss Saudi Arabia’s participation in the World Trade Organization (WTO).
· Then, compare and contrast the Kingdom’s WTO involvement with its participation in the Gulf Cooperation Council, League of Arab States, and the Trade and Investment Framework Agreement (TIFA) Saudi Arabia signed with the United States.
· Which membership or trade agreement benefits Saudi Arabia the most?
· Please explain your position.