The UAE hosts the 13th Ministerial Conference of the World Trade Organization in the first quarter of 2024, with the participation of 164 countries.

Mohammed bin Zayed and Mohammed bin Rashid: Launching a new era of free trade for the good of humanity..and we support the free flow of goods

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His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State, said in a tweet on Twitter yesterday: “The UAE is located in the heart of the international trade map, and represents a bridge between the corners of the world.

We continue to strengthen this position through sustainable partnerships.

And in 2024, we will host the 13th Ministerial Conference of the World Trade Organization, and we will work, along with 164 countries, to launch a new era of free trade for the good of humanity.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said in a tweet on Twitter yesterday: “164 countries in the World Trade Organization will hold global trade development talks at the beginning of the year 2024 in the UAE.

We welcome the participating countries, welcome the World Trade Organization, and support all international moves that guarantee the free flow of goods and services between different countries of the world, and protect the future of global trade.

In addition, the UAE is hosting the 13th Ministerial Conference of the World Trade Organization.

The organization's consultative body, which meets every two years, will meet in Abu Dhabi in the first quarter of 2024, placing the UAE at the center of talks that will shape the future of global trade.

The 13th Ministerial Conference of the World Trade Organization is considered one of the most important events in the march of the modern World Trade Organization.

After the successes of the 12th Ministerial Conference, which reached important historic agreements on issues such as pandemic preparedness, intellectual property rights, abolition of food export bans, and fisheries subsidies in what became known as the "Geneva Package," the 13th Conference now offers an opportunity to bring about reforms. Influencing the World Trade Organization itself, and ushering in a new wave of measures that will protect the future of the organization, as a reliable international body that oversees the multilateral trading system.

The Minister of Economy, Abdullah bin Touq Al-Marri, said: “Hosting the 13th Ministerial Conference of the World Trade Organization reflects the position of the UAE as a major supporter of the free flow of trade and investment between different countries of the world.

It also culminates in the qualitative leaps achieved by the UAE in terms of economic growth and diversification over recent decades, which were pivotal in the country's ambitious vision to launch a new era of sustainable economic development.

He added, “The wise leadership has placed trade at the forefront of the new economic vision of the UAE, emphasizing its role as a catalyst for growth and prosperity, as well as social, cultural and industrial development.

The comprehensive economic partnership agreements that the country concluded with India, Israel and Indonesia, and those that will be concluded with vital and strategically important economies around the world in the coming months, reflect our belief in pluralism, and our commitment to creating new opportunities for exporters, manufacturers and investors.

An important international event such as the 13th Ministerial Conference of the World Trade Organization will contribute to strengthening the UAE's position as a major contributor to stimulating international trade, which is critical to achieving long-term sustainable growth in all parts of the world.

In turn, the Minister of Industry and Advanced Technology, Dr. Sultan Ahmed Al Jaber, said, “Hosting the 13th Ministerial Conference of the World Trade Organization is a clear reflection of the UAE’s growing influence in reshaping the global trade map, and it also represents our continuous commitment to mobilizing international efforts to confront economic challenges.

Under the directives of the wise leadership, the UAE is working to expand its relations with the international community, to accelerate trade and investment flows, and to stimulate sustainable development around the world.

He added: «The UAE is witnessing an ambitious transformation in its economy, accelerating its industrial production, integrating advanced technology to enhance future industries, and developing new capabilities in sectors such as renewable energy and space exploration.

We need an effective, rules-based, digitally-enabled global trading system to take full advantage of these opportunities, and we are keen to take the lead in the discussions that will help us shape this system.

In this context, the 13th Ministerial Conference of the World Trade Organization provides an ideal platform for the UAE to engage the international trade community in providing flexible and easy-to-move supply chains.

For his part, Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al-Zeyoudi, affirmed that “hosting this important international event will be a favorable opportunity to mobilize the efforts of the global trade community, to enhance the role of the World Trade Organization as a forum for trade negotiations and law-making, to activate dispute resolution and arbitration tasks, and to adopt digitization.” strategic digital trade policies, and addressing market-distorting subsidies while protecting the interests of emerging countries.

Al Zeyoudi said: “Trade is an integral part of the history of the UAE, and we now have an opportunity to shape the future of trade.

The WTO's 13th Ministerial Conference can introduce effective reform of the WTO and help it restore its role as the only reliable regulator of international trade.

We look forward to welcoming ministers and senior officials from the 164 member countries of the World Trade Organization, and to play a prominent role in revitalizing the global trade system, supporting it to keep pace with the future requirements of the 21st century, and ensuring its continuity as an engine for comprehensive and sustainable economic development.

In the same context, Minister of State for Financial Affairs, Muhammad bin Hadi Al-Husseini, said, “Hosting the 13th Ministerial Conference of the World Trade Organization confirms the UAE’s position as a global business center, a vital gateway for trade and investment, and a major contributor to the future of the global multilateral trading system.

The UAE's new foreign trade agenda ensures that the country plays an active international role, not only in the free flow of goods and services, but also in creating new opportunities and frameworks for investment, all of which will have an important stimulating effect on the world's macroeconomic landscape.

He added, “As supply chains recover from the impact of the pandemic, enhancing the efficiency of global trade is of paramount importance.

Through the World Trade Organization, the UAE will pursue initiatives that will facilitate cross-border payments, reduce risks, and ensure universal access to the global trading system for developing economies around the world.

 Mohammed bin Zayed:

• "The UAE is located at the heart of the international trade map, and represents a bridge between the corners of the world... and we continue to strengthen this position through sustainable partnerships."

Mohamed Ben Rached:

• "We support all international moves that guarantee the free flow of goods and services between different countries of the world, and protect the future of global trade."

Stimulating international trade

The UAE has a long history and an authentic legacy in stimulating international trade. The country also supports many agreements to facilitate trade flows, such as comprehensive economic partnership agreements, virtual trade corridors, and the Abu Dhabi Advanced Trade and Logistics Platform to facilitate trade, all of which encourage the existence of a trade system. Multilateral, characterized by openness and justice.

The 13th Ministerial Conference of the World Trade Organization will be held in Abu Dhabi in the first quarter of 2024. It will follow the 28th session of the Conference of the Parties (COP 28), which will enable the UAE to play an effective role in leading dialogue and action on pressing global issues.

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