February 26, 2024
1 min read

WTO Hails UAE’s Trade Liberalisation

He lauded the success of the WTO Ministerial Conference in Geneva, MC12, affirming the organisation’s plans “to build on this momentum here in Abu Dhabi”…reports Asian Lite News

Ralph Ossa, Chief Economist at the World Trade Organisation (WTO), has praised the UAE’s commitment to trade liberalisation, including development of green and digital trade globally, citing the country’s focus on low tariffs, export diversification, and active participation in the multilateral trading system, and joint statement initiatives.

In statements to the Emirates News Agency (WAM), Ossa said that the UAE is a natural fit for hosting the ministerial conference, noting the country’s focus on low tariffs, export diversification, and active participation in the multilateral trading system, and joint statement initiatives.

He lauded the success of the WTO Ministerial Conference in Geneva, MC12, affirming the organisation’s plans “to build on this momentum here in Abu Dhabi”.

“There are many important items on the agenda where we are hoping to make significant progress. Agenda items include, for example, the reform of our dispute settlement system, constraints on subsidies that lead to harmful overfishing and also e-commerce.”

The WTO chief economist highlighted the great importance of green and digital trade and service, describing these sectors as “the future of trade”, especially in light of the current boom in digital trade and the promising growth of green trade globally.

The WTO’s 13th Ministerial Conference (MC13) will take place from 26 to 29 February 2024 in Abu Dhabi. Ministers from across the world will attend to review the functioning of the multilateral trading system and to take action on the future work of the WTO.

ALSO READ-WTO Ministerial Kicks Off in Abu Dhabi

Previous Story

WTO Ministerial Kicks Off in Abu Dhabi

Next Story

King Abdullah: Gaza War in Ramadan Risks Expansion

Latest from -Top News

Hasina’s Defiant Words Before Ouster

Reportedly before leaving Hasina wanted to record a farewell speech to be aired on television, but military officials declined….reports Asian Lite News Following a violent student uprising last year, the Bangladeshi military

US Lawmakers Push AI Watchdog on China

The lawmakers stressed that “there is a strong national security need for better understanding, predicting, and preparing for the PRC’s AI progress…reports Asian Lite News Chairman John Moolenaar and Ranking Member Raja

Trump’s 51st State Pitch to Canada

The development follows a meeting between Trump and Canadian Prime Minister Mark Carney on May 6, where Trump praised Carney’s political success….reports Asian Lite News US President Donald Trump claimed that he

Azhar Acquittal Sparks Outrage in Bangladesh

Jailed for nearly 13 years for war crimes, Azharul was received by party leaders and activists at the jail gate by his radical supporters….reports Asian Lite News Once accused of committing crimes

Trump Warns Putin: ‘Playing with Fire’

Trump on Sunday made harsh remarks on both Putin and Ukrainian President Volodymyr Zelensky…reports Asian Lite News US President Donald Trump warned Russian President Vladimir Putin that he is “playing with fire”
Go toTop

Don't Miss

China draws fire for breaking trade rules

The US was far from alone in complaining about China’s

WTO Urges Re-globalisation Amid Early Signs of Fragmentation

Despite increasing trade policy tensions and early signs of geopolitical