Regional blocs urged to play positive role in trade promotion | GulfNews.com:
"Sultan Bin Saeed Al Mansouri, UAE Minister of Economy, on Wednesday called upon regional trade blocs across the world to contribute positively towards the promotion of trade and investment.
Speaking at a session on the ‘Emergence of New Mega-Trading Blocks and their Impact on Global Trade’ at the Partnership Summit 2014 here, Al Mansouri said bilateral and regional trade arrangements should be complementary to the multilateral trading system, adding that they can never be a substitute to the World Trade Organisation (WTO) regulations.
He added that the UAE is pursuing a trade policy based on economic openness and trade liberalisation that has elevated its position from being a regional player to becoming a major international contributor to trade and investment."
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