Page 262 - Ministry of Economy - December 2017

12/26/2017 UAE stresses importance of multilateral trading system | Sharjah24

UAE stresses importance of multilateral

trading system

Tuesday 12, December 2017 in 9:15 PM

Sharjah 24 AM: Abdullah Al Saleh, Under -Secretar y of the Ministr y of Economy for
Foreign T rade and Industr y Affairs, has highlighted the UAE s view that the multilater al
trading system has played, and still plays, an important role in opening borders to facilitate
.international tr ade and investment, as part of a system based on its rules

During the UAE’s speech that he gave on Monday at the 11th Ministerial Conference, MC11, of the World Trade Organisation
WTO, held in the Argentinian capital, Buenos Aires, from 10th to 13th Decemb er, he added that this system should provide a

.trusted and solid me chanism to settle trading disputes while stressing the countr y’s commi tme nt to the WTO

He explained that all efforts mu st continue to place a developme nt dime nsion to the core programme for negotiations while

.pointing out that without this dime nsion, the WTO will not be able to realise ma ny goals enlisted on its agenda

Al Saleh noted that MC11 mu st become a platform to preser ve the mo me ntum of the WTO’s current successes while

.providing a realistic forum to agree on the topics discussed during the conference
With regard to the UAE’s position on certain issues, Al Saleh said that the UAE supports securing reser ves of food supplies and
widening the scope of the "Bali Package" to include all developing countries in the WTO while clarifying that this position will
promo te wider discussions on related policies and guarantee that the programme will not undermi ne local support
.specialties

As for export restrictions, he stressed that the UAE calls for greater transparency in the area of agricultural export limi ts and

.restrictions

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