Contact Members/Sign Up Reg Form

Abu Dhabi WTO Summit: New Global Trade Deal?

Photo:x/wto

In Abu Dhabi, the World Trade Organization's (WTO) biennial ministerial conference commenced, bringing together ministers and trade officials to discuss the potential establishment of new global regulations. UAE President Sheikh Mohamed bin Zayed Al Nahyan welcomed leaders, ministers, and officials, emphasizing the importance of trade as a catalyst for prosperity and international cooperation. The UAE pledged $10 million to the WTO's trust funds, including the Fisheries Funding Mechanism, the Enhanced Integrated Framework (EIF), and the Women Exporters in the Digital Economy (WEIDE) Fund.

In a prelude to the three-day conference, the UAE also announced a $5 million contribution to the $50 million WEIDE fund for women exporters, aiming to support developing and least-developed countries. The WTO's 13th Ministerial Conference (MC13) seeks consensus on various trade issues, but challenges arise amid indications of the global economy dividing into distinct blocs, according to WTO Chief Ngozi Okonjo-Iweala. Despite political complexities, negotiators aspire to address internal reforms and potentially reach an agreement to enhance global fish stocks and protect fishermen by restricting government subsidies. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade and conference chair, highlighted the importance of discussing trade and sustainability to ensure the WTO's continued relevance for future generations.

Feb. 26, 2024 12:54 p.m. 1474

#breakingnews #worldnews #headlines #topstories #globalUpdate #dxbnewsnetwork #dxbnews #dxbdnn #dxbnewsnetworkdnn #WTOConference #TradeTalks #GlobalTrade #AbuDhabiSummit #WTO #TradeRules #InternationalCooperation #SustainableTrade #WEIDEFund #FisheriesFunding #EIF #TradeDiplomacy #MC13 #EconomicProsperity #UAEContribution #GlobalEconomy

Mohammed bin Rashid attends Al Salam Cycling Desert Race at Al Marmoom Reserve

sports / sports globally
Feb. 10, 2025 12:24 p.m. 311

Under the patronage of HH Sheikh Mohammed Bin Rashid Al Maktoum, UAE VP, PM & Ruler of Dubai...Read More.

Police stop Ed Sheeran's surprise street concert in India

entertainment / webseries
Feb. 10, 2025 12:13 p.m. 356

Ed Sheeran's surprise street show in Bengaluru ended suddenly as police stepped in, upsetting fans...Read More.

Mohammed bin Rashid attends Al Salam Cycling Desert Race at Al Marmoom Reserve

Under the patronage of HH Sheikh Mohammed Bin Rashid Al Maktoum, UAE VP, PM & Ruler of Dubai

Police stop Ed Sheeran's surprise street concert in India

Ed Sheeran's surprise street show in Bengaluru ended suddenly as police stepped in, upsetting fans

‘Anora’ wins top honors at Hollywood director and producer awards

Sean Baker’s ‘Anora’ won best film of the year from Hollywood’s directors and producers, boosting its Oscar chances.

Understanding the Thyroid's Effect on Your Weight

Thyroid Health Affects Metabolism and Plays a Key Role in weight

Meta to begin layoffs today at Facebook, WhatsApp, and Instagram

Meta Platforms will send layoff notices worldwide, cutting the bottom 5% of workers, while hiring for AI roles.

EasyJet Flight Makes Emergency Landing After Pilot Collapses Mid-Air

The co-pilot landed the plane in Athens, where paramedics aided the unwell pilot.

Kendrick Lamar's Super Bowl Halftime Show Features 'Not Like Us'

Rapper Kendrick Lamar thrilled a packed stadium and global viewers at the Super Bowl, teasing and then performing his Grammy-winning diss track ‘Not Like Us’ on

Dubai welcomes 18.72 million international visitors in 2024, a 9% increase from last year

Dubai maintains a strategic approach to destination growth as its upward trend continues.

Mohammed bin Rashid bin Mohammed crowns winners of the Mohammed Bin Rashid Falconry Cup

The ‘Elite and Cup’ races of the Mohammed Bin Rashid Falconry Cup ended today with intense competition.

Marseille Strengthen Hold on Second Spot in Ligue 1

Marseille secured a strong grip on second place in Ligue 1 with a solid 2-0 win at Angers.

Get In Touch

3001E, 30 Floor, Aspin Commercial Tower, Sheikh Zayed Road, Dubai, UAE

+971 52 602 2429

info@dxbnewsnetwork.com

LAUNCH OF DNN
Follow Us

© DNN. All Rights Reserved.