The United Arab Emirates (UAE) has pledged a US$10 million grant to the World Trade Organization (WTO) to bolster initiatives ahead of the Ministerial Conference.
UAE’s Support for WTO
The UAE has announced a US$10 million grant to the WTO to aid in implementing crucial initiatives aimed at enhancing trade facilitation, fostering economic development, and promoting inclusivity in international commerce.
Commitment to Global Trade
The UAE’s generous grant underscores its unwavering commitment to supporting the multilateral trading system and advancing global economic cooperation. As the host and chair of the WTO’s 13th Ministerial Conference (MC13), the UAE is keen on ensuring a successful outcome that benefits all WTO members.
Supporting WTO Initiatives
The grant will be utilized to support a range of WTO initiatives, including trade facilitation, economic development, and inclusivity in the global trading system.
Statement from Sheikh Abdullah
Sheikh Abdullah stated, “The UAE firmly believes in the importance of a strong and effective multilateral trading system. Our support for the WTO reflects our commitment to fostering global economic cooperation and ensuring that the benefits of trade are shared by all.”
Appreciation from WTO Director-General
WTO Director-General Ngozi Okonjo-Iweala expressed her gratitude to the UAE for its generous support, stating that the funding will enable critical initiatives that will benefit all WTO members, particularly developing countries.
The UAE’s US$10 million grant to the WTO is a significant contribution that will help advance the organization’s mission of promoting free, fair, and open trade. As the host and chair of MC13, the UAE is demonstrating its commitment to global economic cooperation and its belief in the power of trade to drive sustainable development and prosperity for all.
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