14 countries launch an initiative "Investment and trade future partnership"
Abu Dhabi, September 17 / WAM / 14 countries issued a joint advertisement to establish the future investment and trade partnership, the new international initiative committed to emphasizing open and fair trade, supporting comprehensive growth for all, addressing contemporary and emerging commercial issues, and enhancing direct foreign investment flows.
The founding members of the partnership include the UAE, Brunei, Costa Rica, Iceland, Liechtenstein, the Kingdom of Morocco, New Zealand, Norway, Panama, Chile, Rwanda, Singapore, Switzerland and Uruguay.
The partnership was designed to be a gathering based on principles, supporting a commercial agenda that looks forward to the future, faces challenges and seizes the opportunities arising in the fields of trade and investment, and generalize dialogue between the parties concerned in the public and private sectors.
These countries will cooperate on developing initiatives centered on solutions to consolidate the commercial system based on rules, while the partnership will seek to inflate the collective influence of their members within the global scene.
The Ministry of Foreign Trade will lead the efforts of the UAE within this initiative, and the Ministry will represent the country in future meetings and discussions within it.
The principles of free trade are essential to achieving global stability and prosperity for small and medium -sized countries that exert open and fair trade with the world, while international measures that restrict trade risk breaking up the global economy, weakening economic growth around the world, and increasing inflation and unemployment.
The partnership will support open and fair trade to enable all countries to benefit from enhancing economic security and generating job opportunities.
The partnership also aims to build a flexible platform through which members can cooperate on a group of commercial topics, including the strengthening of supply chains, the removal of non -customs barriers in front of trade, facilitating investments, and adopting and integrating emerging technology.
The partnership aims to upgrade commercial policies without the need for legally binding pledges, and is characterized by its focus on creating an important impact on reality, and will call, with their growth, other countries interested in these goals and are ready to adhere to their principles to join, to ensure the comprehensiveness and flexibility of this initiative and its ability to adapt to the global, rapidly changing scene.
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