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2/28/24, 10:19 AM WTO summit in Abu Dhabi: Will new global trade deal emerge at 3-day event? | Economy – Gulf News
Abu Dhabi: Ministers and trade officials have gathered in Abu Dhabi for the World

Trade Organisation’s (WTO) biennial ministerial conference opening today to debate

the possibility for new global rules.

On the morning of the three-day conference, UAE President His Highness Sheikh

Mohamed bin Zayed Al Nahyan welcomed leaders, ministers, and senior officials to

WTO’s 13th Ministerial Conference in Abu Dhabi.

In a statement, he said: “Trade is a key driver of prosperity and helps to promote peace

and understanding between nations. We look forward to working with our

international partners in supporting a global trading system that brings benefits to
all.”

Ahead of the three-day conference, the UAE donated $10 million towards WTO’s three

trust funds, including the Fisheries Funding Mechanism, the Enhanced Integrated
Framework (EIF), and the Women Exporters in the Digital Economy (WEIDE) Fund.

On Sunday, the UAE also announced a $5 million contribution towards the $50

million WEIDE fund for women exporters. The contribution from the UAE aims to
benefit developing members and least-developed country (LDC) members, said Sheikh

Abdullah bin Zayed Al Nahyan, UAE Minister of Foreign Affairs.

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