WTO Deputy Director-General Praises UAE's Key Role in Global Trade

UAE, 9 October, 2024 : Johanna Hill, Deputy Director-General of the World Trade Organisation (WTO), has emphasized the UAE's growing influence in global trade, citing its investments in sectors such as services, AI, digital services, sustainable development, and the green economy. She noted that these investments will have a transformative impact on the UAE's economy.

Speaking to Emirates News Agency (WAM) at the fourth Global Trade and Supply Chain Summit in Dubai, Hill praised the UAE’s trade agreements with various nations as proof of its commitment to the global trade system.

Hill also highlighted the upcoming 13th Ministerial Conference (MC13) in Abu Dhabi as a sign of the UAE's dedication to advancing global trade. She added that the UAE's strategic approach positions it to capitalize on evolving global trade opportunities.

Regarding global trade projections, Hill shared that, following a 1.4 percent decline last year, merchandise trade is expected to grow by 2.6 percent in 2024 and 3.3 percent in 2025, with services trade seeing a 9 percent growth last year, signaling positive trends ahead.

Source : www.wam.ae