Arab Today, arab today lubna urges wto to boost economic and trade openness
Last Updated : GMT 02:26:54
Arab Today, arab today
Arab Today, arab today

Lubna urges WTO to boost economic and trade openness

Arab Today, arab today

Arab Today, arab today Lubna urges WTO to boost economic and trade openness

Dubai - WAM

UAE Minister of Foreign Trade Shaikha Lubna Al Qasimi said the current global multilateral trade order is in a crisis and expressed cautious optimistim towards it. She called for more contributions from member states of the World Trade Organisation, or WTO, to this order and the current negotiations. She made her remarks in a keynote speech at the opening session of the WTO’s Public Forum in Geneva. “The most negative impact that came about as a direct consequence of the global economic crisis was the rise of ultra-protectionist measures in the direction of reducing trade finance, which has in turn reduced the activities of small and medium enterprises [SMEs] and threatened their prosperity in many world countries, adversely affecting the continuation of the global trade boom,” she said. Shaikha Lubna also underlined the importance of strengthening the frameworks of economic and trade openness and its role in increasing the stability and ensuring the prosperity of countries. Entitled, “Is Multilateralism in Crisis?”, the WTO session also saw the participation of a number of other world dignitaries and was attended by around 1,300 participants from civil society organisations, universities and public and private sector enterprises from around the world. It tackled whether or not multilateralism was in crisis with the aim of proposing new methodologies for the global trade order in light of many global concurrent developments. It also discussed matters that require new approach mechanisms and how to strengthen the multilateralism-supporting role of all parties involved. The session discussed the issues that most affect the global multilateral trade order with an attempt at proposing suitable solutions. WTO Director-General Pascal Lamy said around 90 per cent of all global trade is affected by trade finance, and that SMEs and small countries have been negatively affected. Lamy had stated in a Press statement before the forum that multilateralism was indeed at a crossroad; it would either advance through shared values and close cooperation or it would suffer impediments, which were evident in the recent setbacks in the Doha Development Round and in increased protectionism. 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today lubna urges wto to boost economic and trade openness Arab Today, arab today lubna urges wto to boost economic and trade openness

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today lubna urges wto to boost economic and trade openness Arab Today, arab today lubna urges wto to boost economic and trade openness

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday