COP28 in UAE: Trade to feature for the first time at UN climate conference

COP28 in UAE: Trade to feature for the first time at UN climate conference

UAE - International trade will be featured at the COP28, a first during the UN climate summit, top officials said. The UAE mission to the World Trade Organisation (WTO) noted that trade would be subject to a dedicated day under the UAE’s COP28 presidency thematic programme – in particular, its role as an enabler of climate-smart growth, including supply-chain resilience. The UAE Ministry of the Economy, Dr Thani bin Ahmed Al Zeyoudi, the Minister of State for Foreign Trade, and the COP28 Presidency will co-lead the committee on trade for COP28 alongside the WTO Secretariat. The United Nations Conference on Trade and Development (UNCTAD), the International Chamber of Commerce (ICC), the World Economic Forum (the Forum) and the Abu Dhabi Department of Economic Development (ADDED) have also all been invited to help shape discussions on trade. This alliance, a first in the context of a UN Climate Conference, was created to promote the use of trade and investment instruments to deliver climate change mitigation and adaptation solutions. It also seeks to ensure open, equitable access to global supply chains, which will support small- and micro-enterprise growth worldwide, especially in the global south. Dr Al Zeyoudi said the inclusion of trade