Page 276 - Ministry of Economy - December 2017
P. 276
12/26/2017 UAE stresses importance of multilateral trading system | MENAFN.COM
UAE stresses importance of multilateral
trading system
Date Tweet on Twitter
12/12/2017 2:55:02 PM
(MENAFN - Emirates News Agency (WAM))
ABU DHABI, 12th December, 2017 (WAM) -- Abdullah Al Saleh, Under-Secretary of the Ministry
of Economy for Foreign Trade and Industry Affairs, has highlighted the UAE's view that the
multilateral trading system has played, and still plays, an important role in opening borders to
facilitate international trade and investment, as part of a system based on its rules.
During the UAE's speech that he gave yesterday at the 11th Ministerial Conference, MC11, of
the World Trade Organisation WTO, held in the Argentinian capital, Buenos Aires, from 10th to
13th December, he added that this system should provide a trusted and solid mechanism to
settle trading disputes while stressing the country's commitment to the WTO.
He explained that all efforts must continue to place a development dimension to the core
programme for negotiations while pointing out that without this dimension, the WTO will not be
able to realise many goals enlisted on its agenda.
Al Saleh noted that MC11 must become a platform to preserve the momentum 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 reserves 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 promote wider discussions
on related policies and guarantee that the programme will not undermine local support
specialties.
As for export restrictions, he stressed that the UAE calls for greater transparency in the area of
agricultural export limits and restrictions.
http://www.menafn.com/1096226433/UAE-stresses-importance-of-multilateral-trading-system 1/2
