Stress on build­ing global mul­ti­lat­eral trade sys­tem

Gulf Times - - QATAR -

Qatar has stressed the im­por­tance of build­ing a mul­ti­lat­eral, rule-based, open, non-dis­crim­i­na­tory and eq­ui­table mul­ti­lat­eral trade sys­tem that con­trib­utes to sus­tain­able de­vel­op­ment, in­clu­sive growth and em­ploy­ment op­por­tu­ni­ties around the world.

This was stated by Man­sour Ab­dul­lah al-Mah­moud, a mem­ber of the Qatari del­e­ga­tion par­tic­i­pat­ing in the 73rd ses­sion of the Gen­eral As­sem­bly of the United Na­tions. The meet­ing was dis­cussing macroe­co­nomic poli­cies.

Al-Mah­moud com­mended the im­por­tant role played by the UN Con­fer­ence on Trade and De­vel­op­ment (UNC­TAD) and its re­lent­less ef­forts to ad­dress trade and de­vel­op­ment is­sues, which hosted the 13th ses­sion of Qatar in 2012.

He pointed out that the cur­rent eco­nomic crises, high un­em­ploy­ment rates and the debt bur­den of the world in a global eco­nomic en­vi­ron­ment of un­cer­tainty and volatil­ity re­quire the in­ter­na­tional com­mu­nity to in­ten­sify ef­forts to reach com­mon vi­sions that pro­mote global economies, es­pe­cially in de­vel­op­ing and least de­vel­oped coun­tries.

He added that it is through th­ese ef­forts the as­pi­ra­tions of the world for a dig­ni­fied life will be met.

Al-Mah­moud noted that in­ter­na­tional trade is an im­por­tant en­abling tool for eco­nomic de­vel­op­ment, stim­u­lat­ing over­all eco­nomic growth, cre­at­ing em­ploy­ment op­por­tu­ni­ties and re­duc­ing poverty, and thus con­tribut­ing to the re­al­i­sa­tion of the 2030 Agenda for Sus­tain­able De­vel­op­ment.

He stressed the im­por­tance of the UN Sec­re­tary-Gen­eral’s re­port on in­ter­na­tional trade and de­vel­op­ment, as the tan­gi­ble progress in the Doha De­vel­op­ment Round of the World Trade Or­gan­i­sa­tion helped re­vi­talise the global part­ner­ship for sus­tain­able de­vel­op­ment.

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