Qatar Sees the Future in Multilateral Trade System

Published October 15th, 2018 - 08:07 GMT
Qatar to build global multilateral trade system. (Shutterstock)
Qatar to build global multilateral trade system. (Shutterstock)

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

This came in the speech of Qatar delivered by a member of the delegation from the State participating in the work of the 73rd session of the General Assembly of the United Nations Mansour Abdullah al Mahmoud, before the Second Committee of the General Assembly on Saturday. The meeting was discussing macroeconomic policies.

Mahmoud commended the important role played by the United Nations Conference on Trade and Development (UNCTAD) and its relentless efforts to address trade and development issues.

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 that the aspirations of all the peoples of the world in a dignified life will be met.

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

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He stressed the importance of the United Nations Secretary-General's report on international trade and development as the tangible progress in the Doha Development Round of the World Trade Organization that helped revitalise the global partnership for sustainable development. 

The member of the delegation of the State of Qatar to the 73rd session of the UN General Assembly noted that the Addis Ababa Action Agenda forms an integral part of the 2030 Agenda for Sustainable Development and stresses the firm commitment of the international community to address funding challenges and create an enabling environment at all levels for sustainable development.

He said that the successful implementation of the Addis Ababa Action Agenda depends mainly on the mobilisation of resources at the national and international levels and the effective use of those resources for the eradication of poverty and the achievement of sustainable development in all its three dimensions.

He then highlighted Qatar's firm commitment to respecting human rights, including the right to development.

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