In a historic move, Saudi Arabia has been chosen to chair the World Trade Organization’s (WTO) Dispute Settlement Body (DSB), marking a significant moment for the Kingdom’s role in global trade. Ambassador Saqer Al-Moqbel, Saudi Permanent Representative to the WTO, will lead the DSB for the years 2024-2025, becoming the first Arab representative to assume this prestigious position.
The General Council of the WTO unanimously approved Ambassador Al-Moqbel’s selection, reflecting the confidence of the international community in Saudi Arabia’s ability to guide the DSB through complex trade disputes. This body is crucial for maintaining the order and predictability of international trade by resolving conflicts that arise between member countries.
Ambassador Al-Moqbel brings over two decades of diplomatic and legal expertise to the table, which will be invaluable in navigating the intricate web of trade agreements and negotiations. His leadership is expected to bring a fresh perspective to the DSB’s operations, promoting transparency and fairness in the resolution process.
Strengthening Global Trade Relations
Saudi Arabia’s chairmanship comes at a time when the world is grappling with trade tensions and economic shifts. The Kingdom’s role will be instrumental in shaping the future of trade dispute resolution, ensuring that the WTO’s principles are upheld and that all member nations have a fair platform to settle their differences.
The DSB’s mandate includes the establishment of panels, referral to arbitration, and the adoption of reports, all aimed at achieving amicable resolutions to trade disagreements. Under Ambassador Al-Moqbel’s guidance, the DSB is poised to enhance its effectiveness and responsiveness to the evolving needs of international trade.
Vision for the Future
This appointment also aligns with Saudi Arabia’s Vision 2030, which emphasizes economic diversification and increased engagement in global economic affairs. Chairing the DSB underscores the Kingdom’s commitment to playing a pivotal role in the international community, fostering an environment conducive to growth and cooperation.
As Ambassador Al-Moqbel prepares to take on the responsibilities of this new role, the world watches with anticipation. His tenure will undoubtedly influence the course of international trade, setting precedents that will benefit the global economy for years to come.
