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Kuwait reiterates keenness on developing trade legislation
17/10/2013   |   11:03 AM | Kuwait News
تصغير الخطالشكل الأساسيتكبير الخط
Third Secretary of the Permanent Mission of Kuwait to the UN Hassan Shaker Abu Al-Hassan
Third Secretary of the Permanent Mission of Kuwait to the UN Hassan Shaker Abu Al-Hassan
NEWYORK, Oct 17 (KUNA) -- Kuwait reaffirmed its keenness on continuing development of its legislations in the international trade law field, and its contribution to UN efforts in this regard.
Kuwait's assertion was pointed out by Hassan Shaker Abu Al-Hassan, Third Secretary of the Permanent Mission of Kuwait to the UN in Geneva, during his speech to the UN General Assembly's Sixth Committee during its 68th Session, which was held on Wednesday evening to discuss the United Nations Commission on International Trade Law (UNCITRAL) report on the outcomes of its 46th annual session in Vienna last July.
In November 2012, Kuwait was elected by UN General Assembly to be a full member in UNCITRAL.
Kuwait is on the verge of implementing major vital projects under the framework of the development plan as the country gives a great attention to attain a quantum leap in the field of e-legislations, Abu Al-Hassan indicated, adding that e-legislations cannot be completed without finding a way to combat e-crimes, which had caused around USD 120 billion worth of damages in 2012.
Also, he lauded UNCITRAL's "successful" role in resolving international economic disputes, noting at the same time that Kuwait looks forward to contributing to development of UNCITRAL's activities, to which boosts UN capability in taking a vital role in the field of international trade and e-legislations.
In addition, Abu Al-Hassan stressed the importance of strengthening UNCITRAL's role in the international trade law as to entrench law rule principle, intensify the Commission's work in development of international economic relations, and follow efforts of the team working in the field of settling disputes concerning the internet and e-trade transactions. (end) sj.ma KUNA 171103 Oct 13NNNN
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