The World Trade Organization (WTO) will receive a historic US$10 million donation
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The World Trade Organization (WTO) will receive a historic US$10 million donation, as revealed by Minister of Foreign Affairs H.H. Sheikh Abdullah bin Zayed Al Nahyan. In keeping with the UAE's commitment to inclusive and sustainable global trade, this award will be distributed to the Women Exporters in the Digital Economy (WEIDE) Fund, the Enhanced Integrated Framework (EIF), and the Fisheries Funding Mechanism.
The 13th WTO Ministerial Conference will be held in Abu Dhabi from February 26–29, and the UAE is honored to be hosting this event. Leaders, ministers, and delegates from 166 Member States are gathered at this summit to talk about important trade concerns and update the regulations governing international commerce. All participants are cordially invited to participate in productive conversations aimed at advancing economic progress.
The projects funded by the UAE grant are essential to increasing the sustainability and inclusivity of international commerce, particularly for developing and least developed nations (LDCs). The Fisheries Funding Mechanism seeks to help Member States execute regulations pertaining to fisheries subsidies, while the EIF concentrates on leveraging trade as a weapon for growth and poverty reduction. Through digitalization, women-led enterprises will be able to reach international markets thanks to the WEIDE Fund, an effort in partnership with the International Trade Center (ITC).
The donation from the UAE demonstrates its dedication to advancing equitable and sustainable international trade. Through its support of these important projects, the UAE is fostering global trade equity and advancing the economic development of nations across the globe.
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