Advancing Trade Policies: Key Moments from WTO’s MC13 in Abu Dhabi
The 13th Ministerial Conference (MC13) of the World Trade Organization (WTO) has commenced in Abu Dhabi, marking a significant moment for international trade discussions. With the participation of trade ministers and senior officials from around the globe, this four-day event aims to address critical issues surrounding global commerce regulations and policies.
HH Abdullah’s Announcement:
His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and Chairman of the Higher Committee Overseeing the National Strategy on Anti-Money Laundering and Countering the Financing of Terrorism, made a notable announcement during the conference. He revealed the UAE’s commitment to supporting WTO initiatives with a generous grant of $10 million USD. This grant underscores the UAE’s dedication to fostering cooperation and progress within the realm of international trade.
Utilization of Grants:
The grants provided by the UAE will be instrumental in advancing various aspects of WTO’s agenda. From promoting trade facilitation to enhancing trade finance and supporting small and medium-sized enterprises (SMEs), these funds will contribute to the development of a more inclusive and sustainable global trade system. Additionally, initiatives focusing on logistics challenges, the future of cargo, and sustainable trade in Africa will receive support, fostering innovation and resilience in trade practices.
Abu Dhabi’s Hosting of MC13:
The choice of Abu Dhabi as the host city for MC13 highlights the UAE’s growing prominence on the global stage. By welcoming trade ministers, officials, and representatives from 175 Member States, as well as leaders from the corporate sector, NGOs, and civil society, Abu Dhabi demonstrates its commitment to facilitating constructive dialogue and collaboration in the field of international trade.
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Al Zeyoudi’s Vision:
His Excellency Dr. Thani Al Zeyoudi, Minister of State for Foreign Trade, reiterated the UAE’s vision of promoting a fair, open, and rules-based international trading system. He emphasized the importance of MC13 in addressing key challenges facing developing nations and least developed countries (LDCs), particularly in areas such as intellectual property rights, dispute resolution mechanisms, and access to the global trading system.
The commencement of MC13 in Abu Dhabi marks a significant step forward in advancing global trade cooperation and addressing pressing challenges. With the UAE’s generous contribution and commitment to facilitating meaningful discussions, the conference holds promise for shaping the future of international trade.
