LOC11:03
08:03 GMT
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