GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Banking and Investments

 
  Share

Dubai-UAE: 13 February, 2018 –   The final Global Policy Platform on day two of the World Government Summit discussed multilateral, bilateral and regional approaches to trade at a high-level panel that also explored ways to encourage better cooperation.

Titled ‘The Future of Trade and Globalization', the panel headed by Roberto Carvalho de Azevêdo, Director General of the WTO, and His Excellency Sultan bin Saeed Al Mansouri, UAE Minister of Economy, drew the participation of Arancha Gonzalez, Executive Director of the International Trade Center; Mukhisa Kituyi, Secretary General of UNCTAD (United Nations Conference on Trade and Development); and Amina Mohamed, Minister of Foreign Affairs and International Trade for Kenya.

Discussing the recent political environment with countries trading less freely, Roberto Azevêdo said: “We see a lot of reports about shifts in groups of voters – who are going against anything that is foreign, including trade. This permeates from the political environment. I think the wrong answer is to go against trade.”

Concurring with the viewpoint, His Excellency Sultan bin Saeed Al Mansouri said: “Leaders should not be going against open free trade for their own political gain – and hence trade should not be politicized.  In the United Arab Emirates, there are a lot of challenges arising. Going forward, to ensure the best possible movement of trade, we need to focus on building superior infrastructure and framework. We also have the responsibility as a nation to help less developed countries.” 

During the session, His Excellency Al Mansouri also reiterated the need for stronger focus on improving regulation and promoting inclusion. Discussing who benefits the most from free trade, Amina Mohamed said: “Trade improves competitiveness, salaries, wealth, among other aspects. It has a crucial role to play in global economics, political and legal issues arising in international business.”

For his part, Roberto Azevêdo said that a lot of movements and market trends in economies are not due to trade. He mentioned how most market reactions are responses to new technologies and innovation - such as AI and machine learning – with trade becoming a scapegoat. 

The panelists discussed platforms that could heavily impact the future of trade, such as e-commerce.
Roberto Azevêdo said: “We have had more than 80 delegations sign up to have discussions about e-commerce, women empowerment, facilitation of investments and support for small and medium enterprises. Platforms such as e-commerce can promote inclusiveness. However, we have to ensure that small and medium businesses are also a part of the discussion.”

Mukhisa Kituyi added: “The digital economy presents numerous opportunities for networking, and represents a large potential which can fix some of the problems of globalization. It can encourage greater collaboration amongst countries – which is significant since international co-operation will pave the way forward.”

Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the World Government Summit 2018 runs from February 11 to 13 at the Madinat Jumeirah in Dubai. The landmark event convenes more than 4,000 participants from 140 countries, including heads of state and governments, as well as top-tier representatives of 16 international organizations. 

Hosting more than 130 speakers across 120 interactive sessions, WGS 2018 features six distinct forums that examine the challenges of vital sectors for the future with a view to finding the best resolutions for the greater global good. Furthermore, over 20 specialized global reports spanning key sectors and topics of the summit will be launched throughout the duration of the event.



Posted by : GoDubai Editorial Team
Viewed 5283 times
Posted on : Tuesday, February 13, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : WGS 2018: Global Policy Platform Panel Considers Supporting Female Entrepreneurs Essential for Socie...
Next Story : Qualcomm Extends Cash Tender Offer for All Outstanding Shares of NXP
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Cerruti 1881 Infinite Love
Express Your Signature Style
The Memovox Adventure
Oh, Sweetie Lipcolour!
Olivia Burton Watercolour Florals
Travel Light with Beauty Essentials from Glambeaute.com
Innovative Chronofighter Superlight Carbon is replete with Graham's formidable m...
Jaeger-Lecoultre Main Sponsor of the 75th International Film Festival of La Bie...
Tissot T-Race Cycling An adrenaline-fuelled ride
Marchon Eyewear and G-III Apparel Group Sign Exclusive Global Licensing Agreemen...
Summer Love by Mouawad
DKNY Fall 2018
Tommy Hilfiger Dressed Up Collections
Etihad Airways Celebrates President Xi Jinping's Visit With a Series of Cultural...
A New Watchmaking Encounter in Pink Gold at the Venice International Film Festival
Huawei's New Range of Artificial Intelligent Smartphones Set to Change Your Self...
Canvas on Wrist – Swatch Partners Up With Riksmuseum
DS Podium Chronograph - Sporty as ever, now with PrecidriveTM
The Maison Chaumet opens an exclusive pop-up at The Dubai Mall
An Insight Into Easyshopping.ae
Go Down Memory Lane with Fashion Trends from the '90s
From skin to comprehensive aesthetic care: a 15-year journey called Kaya Skin Clinic
Introducing Salvatore Ferragamo's Men's Sun and Optical Capsule
Inspired by legends, worn by new heroes, PUMA FOOTBALL brings you the AC MILAN 2...
Enjoy an all-day breakfast at Sophie's Café
Dubai Camel Racing Club Honours Al Tayer Motors
Before we say Goodbye to Flamingoes and Pineapples, Celebrate Summer 2018 with k...
The wide-awake, doe-eyed look
GUESS Launches Fall 18 Handbags
Enjoy DSS 2018 Offers at Parah
Dubai Creek Harbour Project Celebrates 5 Million Man Hours with Zero Lost Time A...
Launch of PINAR Water - Turkey
Accessing The Internet In Dubai: All You Need To Know
Sighting Immediate Hiring of UAE Nationals, Union Coop Organizes Exclusive Recru...
Ferrari's turbo-charged V8 is voted the best engine of the last 20 years
Your Baby and Child Travel Essentials Covered with Five Little Ducks
Pottery Barn Kids launches new ‘Back-to-School' collection
Hyperloop Transportation Technologies to Build China's First Hyperloop System
Michelin introduces the new MICHELIN PRIMACY 4 in GCC region
Beat the Heat with these Summer Essentials
Danfoss celebrates the young engineers who participated in the EmiratesSkills Na...
PCFC and GDRFA helped 511 employees tie the knot over last 7 years
Rashid Hospital doctors save sea captain's life using a highly sophisticated pro...
6-Day SCTDA Tour Guide Training Program Conducted by SUC
Gulf region's automation industry on track for double digit growth
Martin on a Mission as He Claims Sixth Spot for UAE Team Emirates in Stage Five ...
One Day Course in Dealing with and Managing Difficult Stakeholders
Dubai Health Authority discusses collaboration with British healthcare firms.
Confidence in Follower Counts
Ensure clean and pure air in your home this summer