Ministry of Economy leads government delegation to UNCTAD 14 in Kenya
The Ministry of Economy has actually finalized preparations for representing the UAE in the 14th United Nations Conference on Trade and Development (UNCTAD) occurring from July 17 to 22, 2016 in the Kenyan capital of Nairobi.
The Ministry of Economy will lead a government delegation headed by H.E. Juma Mohammed Al Kait, Assistant Undersecretary for Foreign Trade Affairs, and comprising agents from federal entities including the Ministry of Foreign Affairs, the Federal Competitiveness and Statistics Authority (FCSA), and the Abu Dhabi Department of Economic Development (ADDED). The upcoming conference will be held under the slogan From decision to action: Moving towards an inclusive and equitable global economic environment for trade and development.
The latest edition of UNCTAD will focus on 4 areas: the obstacles and opportunities posed by the multilateral system in trade and advancement; the enhancement of general and sustainable advancement through trade, financial investment, financing, and innovation in order to attain success for all; accomplishing a structural financial change to make it possible for economic flexibility, address obstacles to trade and development, and gain from offered opportunities; and lastly, ways to add to the active application of the worldwide Sustainable Development Goals for 2030 issued by the United Nations in September 2015.
H.E. Al Kait emphasized the significance of the UAE's involvement in the UNCTAD and numerous other pertinent worldwide conferences to keep pace with the latest global developments in the economic and financial investment fields and to exchange financial info in order to gain a much better understanding of such developments and more advance the country's trade and financial investment goals.
The Assistant Undersecretary, who will deliver a speech on the UAE's prominent experience in pursuing sustainable advancement throughout the conference's plenary session, explained that the conference provides a crucial chance for promoting the UAE's appealing financial investment environment along with benefiting from the current concepts and experiences related to sustainable development and international investment.
On the sidelines of the conference to be attended by delegations from 194 UN member states, agents from local and international companies and authorities and civil society organizations will join a variety of forums such as the World Investment Forum and the Global Commodities Forum in addition to interactive sessions on development.
The Ministerial conferences of the UNCTAD are considered among the highest levels of coordination amongst the UN's member states. They are held every four years and set the agenda for the company's work over the next four-year period.
