Kuwait re­it­er­ates sup­port to UNIDO’s ef­forts to end poverty world­wide

Kuwait Times - - LOCAL -

Kuwait has reaf­firmed sup­port to the UN In­dus­trial De­vel­op­ment Or­ga­ni­za­tion (UNIDO), en­cour­ag­ing com­pre­hen­sive de­vel­op­ment around the globe to erad­i­cate poverty. Act­ing Di­rec­tor Gen­eral of Kuwait’s Pub­lic Au­thor­ity for In­dus­try (PAI) Ab­dulka­rim Taqui on Fri­day ad­dressed the 45th ses­sion of the UNIDO’s In­dus­trial De­vel­op­ment Board (IDB), ses­sion, Vi­enna, 27-29 June 2017.

Taqui urged the or­ga­ni­za­tion to in­crease con­cen­tra­tion on coun­ter­ing the harm­ful prac­tices re­sult­ing from lib­er­at­ing the in­ter­na­tional trade, topped with dump­ing which has been trou­bling most emerg­ing markets.

Dump­ing is a ma­jor rea­son for sev­eral eco­nomic prob­lems, he said. The UNIDO must set a host of projects and pro­grams that are likely to de­velop prac­ti­cal and re­al­is­tic so­lu­tions to rem­edy such prac­tices that have been caus­ing colos­sal dam­age to the in­dus­trial sec­tor in many coun­tries, he said. He also pro­posed draw­ing up mech­a­nisms to iden­tify the proper price in the ori­gin coun­try, as well as com­par­ing prices in dif­fer­ent ones. Taqui re­ferred to Kuwait’s view on some coun­tries’ in­ten­tion to with­draw from UNIDO. He stressed the dire need to iden­tify and rem­edy the rea­sons be­hind the move to avoid it in the fu­ture.

Kuwait un­der­lines the mo­men­tous­ness of UNIDO’s con­tin­u­ous work out of be­lief in the or­ga­ni­za­tion’s role for a bal­anced world econ­omy and so­cial sta­bil­ity. The IDB com­prises 53 mem­bers elected for a four-year term on a ro­ta­tional ba­sis from all UNIDO Mem­ber States. It re­views the im­ple­men­ta­tion of the work pro­gram, the reg­u­lar and op­er­a­tional bud­gets, makes rec­om­men­da­tions to the GC on pol­icy mat­ters, in­clud­ing the ap­point­ment of the Di­rec­tor-Gen­eral. The IDB meets once a year. —KUNA

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