Saudi Arabia reaffirms commitment to free-trade
Saudi Arabia yesterday rejected protective policies and obstructions to free flow of international trade as a solution to global financial crisis.
Addressing the Asia Cooperation Dialogue, Deputy Foreign Minister Prince Abdul Aziz bin Abdullah also emphasized the importance of cultural dialogue and cooperation among the Asian countries.
He stressed the need to find effective solutions to the global financial crisis and increase in prices of essential commodities. “Saudi Arabia has called for tackling the impact of the crisis on the developing countries.”
Referring to the Saudi efforts to ensure food security and to bring down food prices, the prince said the Kingdom had contributed $ 500 million to the World Food Program to support poor countries.
Leaders and senior officials from Asia’s economic powers, including major oil exporters and importers, are attending the summit.
- Forbes Middle East reveals the region's 200 most powerful women
- Presidential vacuum, Syrian crisis leaves Lebanon's business leaders more than worried
- Oil wells, taxes, and scare tactics: how the IS has been making money all this time
- Business marries politics, again: are Erdogan-allied businesses getting away with more?
- Time to invest closer to home? Why the GCC countries are urged to pump their money into an Arab 'Marshal Plan'