Saudi Arabia reaffirms commitment to free-trade
Saudi Arabia reaffirms its position on 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.
- Al Tayer bucks the US department store trend with Bloomingdale's Kuwait opening
- Gulf Islamic banks set to outperform conventional banks for second year: Moody's
- Jordan secures EU finance for socioeconomic and environmental programs
- Same-day service deliveries in GCC an untapped market: Wing CEO
- Will terror attacks damper Arabs' appetite for European holidays?
- GE reaffirms commitment to advancing healthcare in Saudi Arabia at Saudi Health 2013
- Saudi Arabia reaffirms commitment to relief for Iraqis affected by war
- Al Rabie reaffirms commitment to develop KSA’s food sciences and nutrition sector
- Saudi Arabia reaffirms commitment to dollar peg
- ABB reaffirms commitment to the Gulf’s electricity industry at GCC Power