Deputy Minister for Justice and Attorney General, Diana Asonaba Dapaah has called for active participation of countries that are members of the United Nations Commission on International Trade Law, UNCITRAL to contribute to the formulation of international trade laws in Africa.
According to her, this will pave the way for a prosperous and just future for the continent in trade relations.
Speaking at the second edition of the United Nations Commission on International Trade Law, UNCITRAL Days in Africa 2023, Madam Dapaah said as countries across the continent embrace UNCITRAL principles, there is a growing potential for increased collaboration, and empowering of the youth with requisite skills as Africa positions itself as an integral player in the international trade arena.
International trade and commerce are the life blood of any nation given the interconnected nature of the global economy.
Ghana has always believed in an open market economy that attracts investors into the country.
The second edition of the United Nations Commission on International Trade Law, UNCITRAL, was to create awareness on the instruments and the importance of legal harmonization amongst the next generations of legal thinkers and potential policymakers.
Deputy Minister for Justice and Attorney General, Diana Asonaba Dapaah said UNCITRAL plays a crucial role in shaping the legal framework that underpins cross-border transactions.
Ambassador, Embassy and Permanent Mission of Ghana in Vienna, Philbert Abaka Johnson called for the need to understand how to promote an enabling environment to facilitate trade in the fast growing digital economy.
Secretary, Anna Joubin-Bret reiterated the need for all member states to actively participate and contribute to discussions to identify and tackle pressing global challenges in international trade laws.
The United Nations Commission on International Trade Law (UNCITRAL) is the core legal body of the United Nations system in the field of international trade law.
It prepares legal texts in a number of key areas such as international commercial dispute settlement, electronic commerce, insolvency, international payments, sale of goods, transport law, procurement and infrastructure development.