**Saudi Trade Chief Champions WTO Reform, Women's Empowerment**

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Post on Nov 01, 2024

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Saudi Trade Chief Champions WTO Reform, Women's Empowerment

The head of Saudi Arabia's trade ministry is making waves on the global stage, pushing for a modernized World Trade Organization (WTO) and championing women's economic participation.

A New Vision for Trade

Dr. Majid Al-Qasabi, the Saudi Minister of Commerce, has been a vocal advocate for reforming the WTO. He believes the organization needs to adapt to the realities of the 21st century, particularly in areas like digital trade, climate change, and supply chain resilience.

"The WTO is a vital institution, but it's gotta keep up with the times," Dr. Al-Qasabi said at a recent conference. "We need a WTO that's ready to tackle the challenges of the 21st century, not stuck in the past."

Al-Qasabi's vision for reform focuses on:

• Streamlining the WTO's dispute resolution system. The current system is slow and cumbersome, making it difficult for countries to resolve trade disputes effectively.
• Addressing the issue of non-tariff barriers. These barriers, such as regulations and standards, can be just as effective as tariffs in hindering trade.
• Promoting digital trade. The WTO needs to develop rules that govern the digital economy, including e-commerce and data flows.
• Integrating developing countries into the global trading system. Developing countries often lack the resources and expertise needed to participate fully in global trade.

Empowering Women in the Economy

In addition to his work on WTO reform, Dr. Al-Qasabi is a strong advocate for women's economic empowerment. He believes that empowering women is essential for achieving sustainable economic growth.

"Women are half the population, so they should be half the economic engine," Dr. Al-Qasabi has said. "Unlocking women's potential is good for business and good for society."

The Saudi government has taken several steps to empower women in the economy, including:

• Eliminating restrictions on women's employment
• Providing access to education and training
• Creating programs to support women entrepreneurs

The impact of these efforts is already being felt. Saudi women are increasingly participating in the workforce, starting businesses, and contributing to the country's economic growth.

A Champion for Change

Dr. Majid Al-Qasabi's leadership on WTO reform and women's empowerment is a sign of the changing face of Saudi Arabia. The country is embracing a more open and inclusive approach to the global economy.

His vision for a modernized WTO and a more equitable global economy is gaining traction among policymakers and business leaders worldwide. His efforts are a reminder that trade is not just about goods and services, it's about people and their potential.