UNCTAD 14 kicks off in Nairobi with participation of UAE
A UAE delegation headed by the Ministry of Economy is presently participating in the 14th United Nations Conference on Trade and Development (UNCTAD 14) which formally introduced in the Kenyan capital of Nairobi on (Sunday, July 17, 2016) under the theme 'From decision to action: Moving towards an inclusive and equitable global economic environment for trade and development.'
The group is being headed by H.E. Juma Mohammed Al Kait, Assistant Undersecretary for Foreign Trade Affairs, and also includes Aisha Al Kubaisi, the Ministry of Economy's Director of International Organizations Affairs; Hassan Issa Al Houssani, UAE Deputy Ambassador to the Republic of Kenya; and Ali Salem Buharoon, Director of the Federal Competitiveness and Statistics Authority.
Kenyan President Uhuru Kenyatta inaugurated UNCTAD 14 with a speech provided in the existence of UN Secretary-General Ban Ki-moon and Dr. Mukhisa Kituyi, Secretary-General of UNCTAD. He went over the need to prioritize African nations in regards to resource advancement, trade promo, and systems for sustainable development.
The conference program includes numerous related events, such as the Ministerial Meeting of the Landlocked Developing Countries, the Ministerial Meeting of the Least Developed Countries, the Meeting of the Group of 77 and Senior Chinese Officials, and the 12th conference of the Advisory Investment Council which includes UNCTAD and the International Chamber of Commerce.
The conference talks will focus on sustainable development; increased financial investment towards the development of the 'green' economy as well as low-income countries; and investment reforms. They will also discuss conflict settlement; the motivation of financial investments in information technology; the promotion of financial capacity in least industrialized countries; and improvements to the worldwide system of investment agreements.
H.E. Al Kait stressed UNCTAD's important role in offering assistance and recommendations to developing nations, particularly with regards to trade, development, financial investment, taxes, and other associated issues. He also noted the value of analytical data and analytical reports prepared by UNCTAD and its suggestions to decision makers in numerous nations, especially developed and least developed nations, supplied through the exchange of understanding and competence in addition to access to the very best readily available international practices.
The Assistant Undersecretary explained that the UAE's active participation intends to efficiently provide the country's leading developmental experience at UNCTAD, specifying its dynamic trade and financial investment environments and highlighting its support for and contributions to the UN's Sustainable Development Goals for 2030. He added that the conference is an important opportunity for exchanging experiences and finding out about the most recent worldwide developments linkeded to trade, investment, and advancement.
UNCTAD 14 will continue till the 22nd of this month and will be participated in by delegates from the 194 UN member states, government and non-governmental representatives, various regional and global companies, and civil society companies.
