Statement in response to media feedback on classification of the UAE among the developed countries in the WTO
- Longer time periods for implementation of agreements and commitments
- Measures to increase trading opportunities for developing countries
- Provisions requiring all WTO members to safeguard the trade interests of developing countries
- Support to help developing countries build the capacity to carry out WTO work, handle disputes and implement technical standards.
- The UAE has been timely completing its trade obligations since 1996, in view of the fact that it believes in the trade liberalization principle. On the other hand, the WTO early accession has helped disallow high ceilings that are difficult to apply and implement.
- The UAE is a pivotal trade hub in the region and the world. Therefore, the country does not need the flexibility given to developing countries in relation to increasing trade opportunities. The Arab state has long positioned itself on the global trade map thanks to its free trade policy.
- The country has vibrant trade activities in the region with many international businesses showing great interest in the UAE because of its advanced infrastructure and given the fact that it serves as gateway to other markets in the Middle East and Africa. Therefore, on taking into account the commercial interests of developing countries, the UAE will not be significantly affected by virtue of its status as the region’s vital trade center.
- The country can benefit from technical support programs across all fields through self-financing. Providing technical support to WTO members is important but funding these programs will not pose any problem to the state.
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