Hun Sen: Multilateral trade vital for global growth

PRIME Minister Samdech Techo Hun Sen said that globalisation and multilateral trade were crucial to supporting global economic growth and reducing poverty.

The prime minister made the remarks at the Global Manufacturing and Industrialisation Summit held virtually from Friday till Saturday and co-hosted by the United Nations Industrial Development Organisation and the Ministry of Energy and Infrastructure

of the United Arab Emirates.

“We should continue strengthening the momentum of globalisation, which has significantly contributed to economic growth and created unprecedented conditions that promote poverty reduction and livelihood of people from all walks of lives,” Hun Sen said.

“In the globalisation trend, everything is connected and interconnected,” the premier said.

“We must ensure that our cooperative mechanism can maintain the spirit of open-mindedness and support for multilateral trade, by speeding up our social and economic interlinkages to support each country’s development in a sustainable and inclusive manner.”

Hun Sen said to restore global prosperity, countries should respond urgently and responsibly to overcome challenging issues, along with fears that have been dividing up countries through the implementation of pragmatic strategies and actions aiming at strengthening the value of peace, dignity and solidarity with equal footing and mutual respects.

“In this sense, each country should play more active and interactive roles in global governance in a flexible, constructive and responsible manner, especially to contribute to the global orders in order to maintain peace and security, the key prerequisites for trades and long-term sustainable and prosperous growth for the whole world,” he said. — Xinhua