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Blog entry by FintEdu Admin

Kenya Joins UAE's Trade for Development Platform

UAE, 21 March, 2024 :  The Ministry of Economy announced that Kenya has joined the UAE’s Trade for Development platform, launched during the WTO’s 13th Ministerial Conference in Abu Dhabi. Dr. Thani bin Ahmed Al Zeyoudi emphasized the platform's role in promoting inclusive, sustainable trade and sharing expertise to drive economic growth worldwide.

The Trade for Development platform offers technical assistance to trade officials and policymakers from developing nations, aiding them in navigating complex trade negotiations. Lack of resources and expertise often hinders countries' effective participation in the global economy.

The platform provides online courses and resources covering key aspects of trade agreements, enabling officials to enhance their understanding and negotiation skills. Kenya’s enrollment reflects the growing trade ties between the two countries, with bilateral non-oil trade reaching US$3.1 billion in 2023.

Kenya is the ninth country to access the platform, joining others invited during its launch at the WTO conference. These countries include Ethiopia, Mozambique, Antigua and Barbuda, Azerbaijan, Uzbekistan, Comoros, Kyrgyzstan, and Barbados.

Source : www.wam.ae

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