2024-02-26 06:51:45
The activities of the 13th Ministerial Conference of the World Trade Organization (WTO) began in Abu Dhabi today, Monday, and will continue until February 29, with the participation of trade ministers and senior officials from all over the world, who will hold discussions on the rules and regulations governing global trade activities and discuss reshaping its future.
175 delegations from the organization’s members, members with observer status, are participating in the conference, along with leaders of the private sector, non-governmental organizations and representatives of civil society, which provides the international community with the opportunity to cooperate in order to reach a more efficient, sustainable and comprehensive trading system.
The Ministerial Conferences are the highest decision-making body in the World Trade Organization, and they serve as important forums for the organization’s 164 members to address trade challenges, develop trade rules, and set the global trade policy agenda.
Participants in the 13th Ministerial Conference seek to benefit from what was achieved during the 12th Ministerial Conference held in Geneva in June 2022, which witnessed great achievements in supporting fisheries, food security and e-commerce.
The Ministerial Conference focuses on improving the ability of developing and least developed countries to access the global trading system, intellectual property, and the dispute resolution mechanism in the World Trade Organization.
It also provides the opportunity to explore more ways of cooperation and partnership with non-governmental organizations, the private sector and civil society to enhance the effectiveness of trade policies and programs through a series of side events, which include the Global Trade Technology Forum, which supports the use of technology in global supply chains, and sessions on trade facilitation in partnership with… Etihad Export Credit, trade financing with HSBC Bank, small and medium-sized companies with the Department of Economic Development – Abu Dhabi, the logistical challenges of the “Global Logistics Passport” initiative with DP World, the future of shipping in cooperation with Emirates Airlines, and the Sustainable Trade Forum in Africa. .
It is noteworthy that the World Trade Organization, which was established in 1995, is the international body that supervises the rules of global trade, and its ministerial conference, which is held once every two years, is considered the highest forum for decision-making. It brings together ministers and senior officials from all member states with the aim of reviewing, updating and expanding the treaties that make up the global trading system.
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