Roger L. Simon

Saudi Arabia ends economic boycott of Israel

The Washington Times is reporting:

Saudi Arabia has agreed to end all economic boycotts of Israel, allowing the World Trade Organization (WTO) yesterday to admit the oil-rich kingdom as its 149th member, diplomats said.
Saudi officials did not comment on the Israel boycott, which had been the key obstacle during the kingdom’s 12-year bid to gain entry.
U.S. and Israeli officials said the boycott issue had been resolved.
“I am very satisfied with the fact that Saudi Arabia has complied with all the rules of the WTO,” said Itzhak Levanon, Israel’s ambassador to the global trade body.
“I hope it opens the door to a better future on the horizon in the region,” the Israeli envoy said.
(via Captain Marlow)