Home News Emirates News Agency – The World Organization of Free Zoners improves its cooperation with UNCTAD

Emirates News Agency – The World Organization of Free Zoners improves its cooperation with UNCTAD

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DUBAI, August 30, WAM/ His Excellency Dr. Mohammed Al Zarooni, President of the World Free Zones Organization (World FZO), during a meeting with Rebecca Greenspan, Secretary General of the Conference on Trade and Development (UNCTAD) in Geneva, discussed ways and prospects to strengthen cooperation between the two organizations.

The meeting was about ways to strengthen bilateral relations between the two parties and opportunities for joint development and cooperation in areas that would strengthen the remarkable economic recovery of foreign direct investment flows and activity in supply chains and global trade, as part of their joint commitment towards enabling diversification of countries’ sources of income and foreign trade through economic and free zones.

The meeting resulted in an agreement between the World Organization for Free Zones and the United Nations Conference on Trade and Development to cooperate in carrying out joint research projects to identify and measure the economic impact of free zones on countries’ local economies and their role. in increased foreign direct investment flows and international trade, in addition. In addition, the two parties agreed to cooperate in developing joint training programs focusing on investment opportunities, trade facilitation, supply chains and leadership development, using a group of experts and certified trainers and instructors in various fields.

The World Free Zones Organization will also provide UNCTAD with access to one of its key tools, the “Prosperity Index”, which is an exceptional tool equipped with appropriate metrics to measure the positive contribution that free zones make to the world economy and is based on the model of “mature future free zones”.

His Excellency Dr. Mohammed Al Zarooni emphasized the World Free Zones Organization’s eagerness to develop strategic partnerships with international organizations based on the organization’s continued commitment to stimulate global trade, ensure the growth of free zones around them and represent their interests internationally.

He expressed his confidence that the strategic relationship with UNCTAD will enhance the expansion of the organization’s scope and support for its members to achieve their development and strategic goals, in addition to serving the United Nations Sustainable Development Goals 2030. And restructuring the global value chain and this makes joint cooperation necessary to support regions in this role.

Wm/ Munira Al-Sumaiti/Imad Al-Ali


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