UAE- Ministry of Economy leads government delegation to UNCTAD 14 in Kenya

President Uhuru Kenyatta speaks during the opening of the UNCTAD meeting in Nairobi

Ali Tayebnia, who is heading a specialized delegation, travelled to Kenya to participate in the fourteenth session of the United Nations Conference on Trade and Development (UNCTAD 14) being held from July 17-22.

Juma Mohammed Al Kait has stressed the importance of UNCTAD's role in providing support and advice to developing countries, particularly in the relationship between trade and development and investment and taxation issues, statistical data and analytical reports prepared by the UNCTAD and the best available worldwide practices in this regard.

The conference agenda includes various related events, such as the Ministerial Meeting of the Landlocked Developing Countries, the Ministerial Meeting of the Least Developed Countries, the Meeting of the Group of 77 and Senior Chinese Officials, and the 12th meeting of the Advisory Investment Council which includes UNCTAD and the International Chamber of Commerce.

Foreign Affairs Cabinet Secretary Amina Mohammed expects delegates at the ongoing United Nations conference to reach a deal elimination of trade barriers today.

In particular, he highlighted that the 2030 Agenda will guide global collective action for sustainable development over the next 15 years.

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A revision of such incentives would allow these countries to benefit more from global trade. The worldwide community must also put a proper value on assets, such as ecosystem services, and correctly price systemic and interconnected risk, such as that posed by climate change.

Uganda's Vice President Edward Ssekandi said that greater global partnerships is crucial if the UN's Sustainable Development Goals (SDGs) are to be achieved.

Kenyan President Uhuru Kenyatta inaugurated UNCTAD 14 with a speech delivered in the presence of UN Secretary-General Ban Ki-moon and Dr. Mukhisa Kituyi, Secretary-General of UNCTAD. "Used wisely, they can ensure that we leave no one behind", Ban said, noting that engagement must involve Heads of State and Government; parliamentarians; leaders from business and civil society; young entrepreneurs and philanthropists. The Nairobi conference will be the second held in Kenya since 1976, when the first took place.

"At the same time, the United Nations stands ready to work with the worldwide community, and particularly on delivering humanitarian assistance to hundreds of thousands of people who need daily assistance".

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