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Reforming trade environment requires legislative developments - Min.

KUWAIT, Dec 2 (KUNA) -- Reforming the trade environment requires legislative developments to organize the business operation, said the Minister of Commerce and Industry Khaled Al-Roudhan Wednesday.
During his speech in the Ministerial Forum for Government Achievement (Achievements Despite Challenges), Al-Roudhan affirmed that the ministry launched a legislative reform program resulted in 11 laws, most notably the Bankruptcy Law and the Law on Protection of Competition.
He pointed out that the ministry launched an integrated program to help transforming Kuwait into an attractive commercial environment in light of traditional government work, to achieve combating administrative corruption and preserve the time of initiators and employers.
He emphasized that the ministry had worked to help Kuwait enter for the first time among the 10 most reforming countries in the world, among 190 countries, and Kuwait jumped 51 steps in the index of starting commercial activity, and surged 21 steps in the index of protecting minority investors.
Kuwait Stock Exchange was classified into an emerging market, which resulted in an influx of foreign capital, which exceeded USD 8 billion, and an increase in liquidity of 30 percent over last year, including 20 percent of foreign investments, he added.
Furthermore, Al-Roudhan said that during COVID-19 crisis, a national support program was launched to confront the repercussions of the pandemic, which resulted in enhancing food security through logistical support with more than 90 flights, resulting in the provision of approximately 2.3 million tons of refrigerated meat, fish, vegetables and fruits. (end) amn.aa