Kenya ready to host Global Trade Talks

GEORGE OKORE By GEORGE OKORE, 11th Jul 2016 | Follow this author | RSS Feed | Short URL http://nut.bz/2kqc2pbc/
Posted in Wikinut>News>Business

For Kenya, hosting the conference will reinforce her high profile as a global economic and trade player

The first United Nations Ministerial conference of post-2015 era.

President Uhuru Kenyatta’s diplomatic credentials come under focus as Kenya hosts 14th United Nations Conference on Trade and Development (UNCTAD 14) from July 17-22, 2016.

With over 5,000 delegates converging in Nairobi next week, hosting of UNCTAD 14 Conference follows the decision of UNCTAD Trade and Development Board on November 17, 2015, accepting Kenya’s offer to host the conference.

The Conference will be held under the theme ‘From decision to actions: Moving towards an inclusive and equitable global economic environment for trade and development. This theme is founded on key global outcomes arrived at last year, including Agenda 2030 on Sustainable Development Goals, where action is needed as part of implementation.

Hosting of UNCTAD 14 conference in Africa is historic for it’s the first United Nations Ministerial conference of post-2015 era. “The conference will focus on kick-starting actions to implement the Agenda for Sustainable Development and shaping the world we want in a spirit of strengthened global solidarity and for the full benefit of all,” says the President.

The conference will also present a starting point to translate the commitments made during the Financing for Development Conference, the UN2030 Agenda, the Conference of the Parties on climate change in Paris and the 10th WTO Ministerial into action.

For Nairobi, it will be a memorable reunion since the city hosted UNCTAD 4 forty years ago in 1976. Then, the fundamental economic challenge facing international community was the lack of a systemic approach to economic marginalization of developing countries, which stemmed from their exclusion from meaningful participation in international economic decision-making. One key area was, and remains, the field of commodities.

Therefore as UNCTAD 14 returns to Nairobi, the city can boast of being beacon for UNCTAD's crucial role in promoting fairness and justice in the global economic system. “ UNCTAD 14 in Nairobi is a unique opportunity to build on the legacy of UNCTAD 4 to squarely address the future of development. As in the past, the conference will be the occasion for the global community to continue harnessing the capacity to change the world for the better and achieve the simple yet elusive goal of prosperity for all, ”says Nairobi Governor Evans Kidero.

The conference will be attended by over 7000 delegates comprising of government officials, 2000 business and civil society representatives. They will discuss pathways for the international community to mobilize all available financial, human and entrepreneurial resources to foster inclusive growth, eradicate poverty and accelerate sustainable development.

For Kenya, hosting the conference will reinforce her high profile as a global economic and trade player. The hosting of the UNCTAD 14 will build on the success of hosting the MC10 in December, 2015 and UNCTAD (4) in 1976. It will also provide a platform for engagement and effective networking for investors and members of the business community. Thus it affirms Kenya as a safe and secure destination for investments business and tourism.

Tags

Kenya, Nairobi, Uhuru Kenyatta, Unctad 14

Meet the author

author avatar GEORGE OKORE
George Okore is an international media consultant, resource person/facilitator, projects/programs manager, community leader, negotiator, advocate and author/writer/columnist based in Nairobi, Kenya.

Share this page

moderator johnnydod moderated this page.
If you have any complaints about this content, please let us know

Comments

Add a comment
Username
Can't login?
Password