The UAE Minister of Economy, Sultan Al Mansouri, today launched Global Trade Development Week in Dubai. The three-day “mega event” which aims to support the growth of international trade across all borders brings together 600 business and government leaders from more than 90 countries to discuss how to tackle trade and development issues.
Government representatives at the summit include officials from the EU Commission, WTO, Interpol, the United Nations Office for Project Services (UNOPS), and the International Islamic Trade Finance Corporation (ITFC). The list of speakers comprises representatives from some of the world’s largest corporations, such as IBM, Huawei, Nokia and Nestle.
Summit organizers describe the event as "an interactive platform for government, business, academic and industry thought leaders to collaborate discuss and share best practice." Delegates are challenged to return their own countries and companies with a set of actions that will contribute to the growth of international trade across all borders.
In his keynote address speaking about the future of the global trading system, Al Mansouri called for the removal of barriers to trade.
“We need to remove barriers to trade that hamper economic growth whilst at the same time facilitate trade at borders, which needs both domestic reform and international cooperation, and the world is looking forward to [moving] ahead in the implementation of the new Trade Facilitation Agreement in WTO,” the minister said.
The event opened with a Ministers and Trade Leaders VIP plenary, followed by four concurrent summits that cover ‘Global Free Trade and Special Economic Zones’, ‘Trade Finance and Industrial Development’, ‘Corporate Real Estate Leaders’ and ‘Global Customs and Trade Facilitation’.