World Economy

WTO to Meet in UAE

WTO to Meet in UAEWTO to Meet in UAE

Reform of the global trading system will be high on the agenda at an important  meeting of WTO’s leading envoys, to be held in the UAE during Global Trade Development Week, October 28, 2015.

Organized in partnership with the UAE Ministry of Economy, the roundtable meeting will be led by WTO’s Director of Trade and Development, Shishir Priyadarshi, and will have participation from envoys and ambassadors who will represent their nations at the forthcoming WTO ministerial talks being held in Nairobi in December this year, WAM reported.

Titled ‘Strengthening trade led development: Prospects and challenges for WTO’s Nairobi Ministerial Conference’, the WTO roundtable will be a highlight of Global Trade Development Week (GTDW) which is organized under the patronage of the UAE Ministry of Economy.

GTDW 2015 will bring together 1,000 trade leaders from government and the private sector coming to Dubai from over 100 countries, to discuss solutions to advance the development of international trade.

Abdullah Al Saleh, undersecretary for foreign trade and industry, said, “By supporting this WTO roundtable, the UAE affirms our commitment to the importance of a multilateral trading system within the framework of the WTO. We hope the WTO meeting in UAE will help set the tone for the Nairobi Ministerial Conference. A positive outcome of the Doha Round will facilitate international trade and be hugely beneficial to the UAE, the region and the global economy in general.”

Shishir Priyadarshi said, “We look forward to the GTDW providing a platform for further discussions on the WTO Doha Round, which has the potential to change the course of world trade, especially for developing countries. The Doha Round aims to achieve major reform of the international trading system, including by lowering trade barriers and reforming global trade rules - ideals that run at the core of GTDW”.