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UAE initiates 'Trade for Development' platform for trade.

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The United Arab Emirates, as the host of the 13th World Trade Organisation Ministerial Conference (WTO MC13), has unveiled plans to establish the Trade for Development platform, a comprehensive technical assistance program aimed at supporting developing and least developed nations in their trade negotiations. This initiative, announced during the Ministerial Conference, underscores the UAE's commitment to promoting inclusive trade practices and empowering nations to actively engage in the global trading system.

The Trade for Development platform will offer a suite of free online tools and resources tailored to assist trade officials, negotiators, and policymakers from developing countries in navigating the complexities of trade negotiations. With a focus on enhancing their capacity and skills, the platform aims to bridge the gap in technical expertise and support these nations in formulating effective trade policies and agreements.

At the heart of the platform's mission is the promotion of inclusive trade practices, aligning with the overarching theme of the UAE's role as the host nation of the MC13. By facilitating access to essential resources and expertise, the UAE seeks to enable developing countries to play a more active and informed role in shaping their trade agendas and fostering economic growth.

During the Ministerial, the UAE reaffirmed its commitment to inclusive trade by announcing its intention to gift the Trade for Development platform to eight WTO member nations, including Ethiopia, Mozambique, Antigua and Barbuda, Azerbaijan, Uzbekistan, Comoros, Kyrgyzstan, and Barbados. This gesture underscores the UAE's dedication to supporting the economic development and capacity-building efforts of its global partners.

Recognizing the challenges faced by developing countries in negotiating trade agreements, the Trade for Development platform aims to provide a comprehensive repository of resources, including audio-visual content, analytical studies, economic modelling, and best practice tools. These resources will empower trade officials to navigate the intricacies of trade negotiations effectively and craft mutually beneficial agreements that promote sustainable development and economic prosperity.

Ahmed Ali Al Sayegh, Minister of State, highlighted the UAE's commitment to sharing its successful experiences and expertise with countries worldwide, underscoring the nation's role as an active contributor to international cooperation and sustainable growth. Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade and MC13 Chair, emphasized the importance of strengthening negotiators' capacity to uphold the best interests of developing countries and foster long-term growth and job creation.

The announcement of the Trade for Development platform during the WTO Ministerial Conference reflects the UAE's dedication to advancing global trade initiatives and promoting inclusive economic development. As the highest-level decision-making forum for the WTO, the Ministerial Conference provides a pivotal platform for discussions on shaping the rules of international commerce and driving progress towards sustainable growth and prosperity for all nations involved.

March 1, 2024 2:25 p.m. 9516

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