Alexander Lee, CCO Thomas B. Meier, COO
124-634: Jumeirah is an Emirati state-owned luxury hotel chain. Jumeirah was established in 1997 and became a part of Dubai Holding in 2004, which is owned by Sheikh Mohammed bin Rashid Al Maktoum . Headquartered in the United Arab Emirates, the group manages 26 properties, including beachfront resorts, city hotels, and luxury serviced residences across the Middle East , Europe , and Asia . Jumeirah’s beachfront portfolio in
248-503: A de facto international organization. Seven rounds of negotiations occurred under GATT (1949 to 1979). The first real GATT trade rounds (1947 to 1960) concentrated on further reducing tariffs . Then the Kennedy Round in the mid-sixties brought about a GATT anti-dumping agreement and a section on development. The Tokyo Round during the seventies represented the first major attempt to tackle trade barriers that do not take
372-589: A National Youth Council , which is represented in the UAE cabinet by the Minister of Youth. The UAE legislative body is the Federal National Council which convenes nationwide elections every four years. The FNC consists of 40 members drawn from all the emirates. Each emirate is allocated specific seats to ensure full representation. Half are appointed by the rulers of the constituent emirates, and
496-702: A 13,000-foot-deep (4,000-metre) bore hole taking a year to drill and turning out dry, at the tremendous cost at the time of £1 million. The British set up a development office that helped in some small developments in the emirates. The seven sheikhs of the emirates then decided to form a council to coordinate matters between them and took over the development office. In 1952, they formed the Trucial States Council, and appointed Adi Al Bitar , Dubai's Sheikh Rashid bin Saeed Al Maktoum 's legal advisor, as secretary general and legal advisor to
620-641: A 2018 study in the Journal of Politics , states are less likely and slower to enforce WTO violations when the violations affect states in a diffuse manner. This is because states face collective action problems with pursuing litigation: they all expect other states to carry the costs of litigation. A 2016 study in International Studies Quarterly challenges that the WTO dispute settlement system leads to greater increases in trade. However,
744-539: A 24-hour curfew, and suspending all Emirates passenger flights. This resulted in a major economic downturn, which eventually led to the merger of more than 50% of the UAE's federal agencies . On 29 August 2020, the UAE established normal diplomatic relations with Israel and with the help of the United States , they signed the Abraham Accords with Bahrain . On 9 February 2021, the UAE achieved
868-952: A 40-member consultative body appointed by the seven rulers. The UAE joined the Arab League on 6 December 1971 and the United Nations on 9 December. It was a founding member of the Gulf Cooperation Council in May 1981, with Abu Dhabi hosting the first GCC summit . The UAE supported military operations by the US and other coalition states engaged in the war against the Taliban in Afghanistan (2001) and Saddam Hussein in Ba'athist Iraq (2003) as well as operations supporting
992-471: A conservation program on Sir Bani Yas Island initiated by Sheikh Zayed bin Sultan Al Nahyan in the 1970s, resulting in the survival of, for example, Arabian Oryx , Arabian camel , and leopards . Coastal fish and mammals consist mainly of mackerel , perch , and tuna , as well as sharks and whales. The climate of the UAE is subtropical-arid with hot summers and warm winters. The climate
1116-566: A democracy. According to the 2023 V-Dem Democracy indices , the United Arab Emirates is the third least electoral democratic country in the Middle East . The United Arab Emirates comprises seven emirates. The Emirate of Dubai is the most populous emirate with 35.6% of the UAE population. The Emirate of Abu Dhabi has 31.2%, meaning that over two-thirds of the UAE population lives in either Abu Dhabi or Dubai. Abu Dhabi has an area of 67,340 square kilometres (26,000 square miles), which
1240-412: A federation of seven hereditary tribal monarchy -styled political units called Sheikhdoms . It is governed by a Federal Supreme Council made up of the ruling Sheikhs of Abu Dhabi , Ajman , Fujairah , Sharjah , Dubai , Ras Al Khaimah , and Umm Al Quwain . All responsibilities not granted to the federal government are reserved to the individual emirate. A percentage of revenues from each emirate
1364-630: A framework for negotiating trade agreements , which usually aim to reduce or eliminate tariffs , quotas , and other restrictions ; these agreements are signed by representatives of member governments and ratified by their legislatures. It also administers independent dispute resolution for enforcing participants' adherence to trade agreements and resolving trade-related disputes. The organization prohibits discrimination between trading partners, but provides exceptions for environmental protection, national security, and other important goals. It officially commenced operations on 1 January 1995, pursuant to
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#17327718627631488-551: A group of rulers travelling to Medina , converting to Islam, and subsequently driving a successful uprising against the unpopular Sassanids , who dominated the coast at the time. Following the death of Muhammad, the new Islamic communities south of the Persian Gulf threatened to disintegrate, with insurrections against the Muslim leaders . Caliph Abu Bakr sent an army from the capital Medina which completed its reconquest of
1612-583: A historic milestone when its probe, named Hope , successfully reached Mars 's orbit. The UAE became the first country in the Arab world to reach Mars, the fifth country to successfully reach Mars, and the second country, after an Indian probe , to orbit Mars on its maiden attempt. On 14 May 2022, Sheikh Mohamed bin Zayed Al Nahyan was elected as the UAE's new president after the death of Sheikh Khalifa bin Zayed Al Nahyan . The United Arab Emirates
1736-444: A humid southeastern wind known as Sharqi (i.e. "Easterner") makes the coastal region especially unpleasant. The average annual rainfall in the coastal area is less than 120 mm (4.7 in), but in some mountainous areas annual rainfall often reaches 350 mm (13.8 in). Rain in the coastal region falls in short, torrential bursts during the winter months, sometimes resulting in floods in ordinarily dry wadi beds. The region
1860-517: A long list of about 60 agreements, annexes, decisions, and understandings was adopted. The agreements fall into six main parts: In terms of the WTO's principle relating to tariff "ceiling-binding" (No. 3) , the Uruguay Round has been successful in increasing binding commitments by both developed and developing countries, as may be seen in the percentages of tariffs bound before and after the 1986–1994 talks. The highest decision-making body of
1984-562: A member. Some countries may have faced tougher and a much longer accession process due to challenges during negotiations with other WTO members, such as Vietnam, whose negotiations took more than 11 years before it became an official member in January 2007. The WTO has 166 members and 23 observer governments. Most recently, on 26 February 2024 at the 13th Ministerial Conference in Abu Dhabi, Comoros and Timor Leste were approved to became
2108-555: A permanent military base in the emirate of Abu Dhabi. The UAE joined international military operations in Libya in March 2011. On 2 November 2004, the UAE's first president, Sheikh Zayed bin Sultan Al Nahyan , died. Sheikh Khalifa bin Zayed Al Nahyan was elected as the president of the UAE . Sheikh Mohammed bin Zayed Al Nahyan succeeded Sheikh Khalifa as crown prince of Abu Dhabi. In January 2006, Sheikh Maktoum bin Rashid Al Maktoum ,
2232-564: A rare physical link to a legacy of Christianity, which is thought to have spread across the peninsula from 50 to 350 CE following trade routes. Certainly, by the fifth century, Oman had a bishop named John – the last bishop of Oman being Etienne, in 676 CE. The harsh desert environment led to the emergence of the "versatile tribesman", nomadic groups who subsisted due to a variety of economic activities, including animal husbandry, agriculture, and hunting. The seasonal movements of these groups led not only to frequent clashes between groups but also to
2356-427: A regular budget is 340 women and 283 men. The WTO describes itself as "a rules-based, member-driven organization—all decisions are made by the member governments, and the rules are the outcome of negotiations among members". The WTO Agreement foresees votes where consensus cannot be reached, but the practice of consensus dominates the process of decision-making. Richard Harold Steinberg (2002) argues that although
2480-426: A result of joining the WTO, Armenia offered a 15 per cent ceiling bound tariff rate on accessing its market for goods. Together with the tariff bindings being ad valorem there are no specific or compound rates. Moreover, there are no tariff-rate quotas on both industrial and agricultural products. Armenia's economic and trade performance growth was noted since its first review in 2010, especially its revival from
2604-727: A stone tool used for butchering animals discovered on the Arabian coast suggests an even older habitation from 130,000 years ago. In time, lively trading links developed with civilisations in Mesopotamia , Iran, and the Harappan culture of the Indus Valley. This contact persisted and became wider, probably motivated by the trade in copper from the Hajar Mountains , which commenced around 3,000 BCE. Sumerian sources talk of
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#17327718627632728-467: Is 86.7% of the country's total area, excluding the islands. It has a coastline extending for more than 400 km (250 mi) and is divided for administrative purposes into three major regions. The Emirate of Dubai extends along the Persian Gulf coast of the UAE for approximately 72 km (45 mi). Dubai has an area of 3,885 square kilometres (1,500 square miles), which is equivalent to 5% of
2852-434: Is allocated to the UAE's central budget. The UAE uses the title Sheikh instead of Emir to refer to the rulers of individual emirates. The title is used due to the sheikhdom styled governing system in adherence to the culture of tribes of Arabia , where Sheikh means leader, elder, or the tribal chief of the clan who partakes in shared decision making with his followers. The president and vice president are elected by
2976-684: Is an intergovernmental organization headquartered in Geneva , Switzerland that regulates and facilitates international trade . Governments use the organization to establish, revise, and enforce the rules that govern international trade in cooperation with the United Nations System . The WTO is the world's largest international economic organization, with 166 members representing over 98% of global trade and global GDP . The WTO facilitates trade in goods, services and intellectual property among participating countries by providing
3100-541: Is annually ranked as "Not Free" in Freedom House 's annual Freedom in the World report, which measures civil liberties and political rights. The UAE also ranks poorly in the annual Reporters without Borders ' Press Freedom Index . The Bertelsmann Transformation Index describes the UAE as a "moderate monarchy". The country was ranked 91 out of 137 states and is far below the average scoring for development towards
3224-429: Is at Dubai, although other ports have been dredged at Abu Dhabi, Sharjah, and elsewhere. Numerous islands are found in the Persian Gulf, and the ownership of some of them has been the subject of international disputes with both Iran and Qatar . The smaller islands, as well as many coral reefs and shifting sandbars, are a menace to navigation. Strong tides and occasional windstorms further complicate ship movements near
3348-464: Is categorized as desert climate. The hottest months are July and August, when average maximum temperatures reach above 45 °C (113 °F) on the coastal plain . In the Hajar Mountains, temperatures are considerably lower, a result of increased elevation. Average minimum temperatures in January and February are between 10 and 14 °C (50 and 57 °F). During the late summer months,
3472-867: Is concerned with setting the rules of "trade policy". Five principles are of particular importance in understanding both the pre-1994 GATT and the WTO: There are three types of provision in this direction: Exceptions to the MFN principle also allow for preferential treatment of developing countries , regional free trade areas and customs unions . The highest authority of the WTO is the Ministerial Conference, which must meet at least every two years. The Ministerial Conference met most recently in June 2022 in Geneva. In between each Ministerial Conference,
3596-525: Is economically focusing on tourism and business. The UAE is considered a middle power . It is also a member of the United Nations , Arab League , Organisation of Islamic Cooperation , OPEC , Non-Aligned Movement , World Trade Organization , and BRICS . The UAE is also a dialogue partner of the Shanghai Cooperation Organisation . Human rights organisations consider the UAE substandard on human rights, ranking only 6.06 in
3720-464: Is examined by a working party open to all interested WTO Members. After all necessary background information has been acquired, the working party focuses on issues of discrepancy between the WTO rules and the applicant's international and domestic trade policies and laws. The working party determines the terms and conditions of entry into the WTO for the applicant nation and may consider transitional periods to allow countries some leeway in complying with
3844-585: Is in the south near the undefined border with Saudi Arabia. About 100 km (62 mi) to the northeast of Liwa is the Al-Buraimi oasis, which extends on both sides of the Abu Dhabi-Oman border. Lake Zakher in Al Ain is a human-made lake near the border with Oman that was created from treated waste water. Prior to withdrawing from the area in 1971, Britain delineated the internal borders among
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3968-518: Is jointly controlled by Oman and Ajman, the other by Fujairah and Sharjah. There is an Omani exclave surrounded by UAE territory, known as Wadi Madha . It is located halfway between the Musandam peninsula and the rest of Oman in the Emirate of Sharjah . It covers approximately 75 square kilometres (29 square miles) and the boundary was settled in 1969. The north-east corner of Madha is closest to
4092-415: Is not functional. The process of becoming a WTO member is unique to each applicant country, and the terms of accession are dependent upon the country's stage of economic development and the current trade regime. The process takes about five years, on average, but it can last longer if the country is less than fully committed to the process or if political issues interfere. The shortest accession negotiation
4216-553: Is prone to occasional, violent dust storms , which can severely reduce visibility. On 28 December 2004, snow was recorded in the UAE for the first time, in the Jebel Jais mountain cluster in Ras al-Khaimah. A few years later, there were more sightings of snow and hail. The Jebel Jais mountain cluster has experienced snow only twice since records began. The United Arab Emirates is a federal constitutional monarchy made up from
4340-508: Is situated in the Middle East , bordering the Gulf of Oman and the Persian Gulf , between Oman and Saudi Arabia ; it is in a strategic location slightly south of the Strait of Hormuz , a vital transit point for world crude oil . The UAE lies between 22°30' and 26°10' north latitude and between 51° and 56°25′ east longitude. It shares a 530-kilometre (330 mi) border with Saudi Arabia on
4464-501: Is the chief executive branch of the government presided over by the prime minister. The prime minister, who is appointed by the Federal Supreme Council , appoints the ministers. The Council of Ministers is made up of 22 members and manages all internal and foreign affairs of the federation under its constitutional and federal law. In December 2019, the UAE became the only Arab country, and one of only five countries in
4588-510: Is the most important function of WTO. Other important functions include: Additionally, it is WTO's duty to review and propagate the national trade policies and to ensure the coherence and transparency of trade policies through surveillance in global economic policy-making. Another priority of the WTO is the assistance of developing , least-developed and low-income countries in transition to adjust to WTO rules and disciplines through technical cooperation and training: The above five listings are
4712-515: The Al Ain / Buraimi Oasis was known as Tu'am and was an important trading post for camel routes between the coast and the Arabian interior. The earliest Christian site in the UAE was first discovered in the 1990s, an extensive monastic complex on what is now known as Sir Bani Yas Island and which dates back to the seventh century. Thought to be Nestorian and built in 600 CE, the church appears to have been abandoned peacefully in 750 CE. It forms
4836-702: The Arabian Peninsula The United Arab Emirates ( UAE ), or simply the Emirates , is a country in West Asia , in the Middle East , at the eastern end of the Arabian Peninsula . It is a federal , elective monarchy composed of seven emirates , with Abu Dhabi as its capital. It shares land borders with Oman to the east and northeast, and with Saudi Arabia to the southwest; as well as maritime borders in
4960-685: The Doha Development Round , at the fourth ministerial conference in Doha , Qatar in November 2001. This was to be an ambitious effort to make globalization more inclusive and help the world's poor, particularly by slashing barriers and subsidies in farming. The initial agenda comprised both further trade liberalization and new rule-making, underpinned by commitments to strengthen substantial assistance to developing countries. Progress stalled over differences between developed nations and
5084-599: The Donald Trump administration blocked appointments to the body, the Appellate Body has been unable to enforce WTO rules and punish violators of WTO rules. In March 2020, the European Union and 15 other WTO members agreed to a Multiparty Interim Appeal Arbitration Arrangement (MPIA). This gave access to an alternative appellate mechanism (arbitration as an appellate mechanism) while the Appellate Body
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5208-641: The European Union 's Everything but Arms initiative to phase out tariffs for goods from the least developed countries . At the sixth WTO Ministerial Conference of 2005 in December, WTO launched the Aid for Trade initiative and it is specifically to assist developing countries in trade as included in the Sustainable Development Goal 8 which is to increase aid for trade support and economic growth. The Twelfth Ministerial Conference (MC12)
5332-705: The Federal Supreme Council . Usually, the Head of the Al Nahyan family, who are based in Abu Dhabi, holds the presidency and the Head of the Al Maktoum family, based in Dubai, the prime ministership. All prime ministers but one have served concurrently as vice president. The federal government is composed of three branches: The UAE e-Government is the extension of the UAE federal government in its electronic form. The UAE's Council of Ministers ( Arabic : مجلس الوزراء )
5456-731: The Magan civilisation, which has been identified as encompassing the modern UAE and Oman. There are six periods of human settlement with distinctive behaviours in the region before Islam, which include the Hafit period from 3,200 to 2,600 BCE, the Umm Al Nar culture from 2,600 to 2,000 BCE, and the Wadi Suq culture from 2,000 to 1,300 BCE. From 1,200 BCE to the advent of Islam in Eastern Arabia, through three distinctive Iron Ages and
5580-629: The Maldives , Mallorca , Capri , and London . The group has plans for additional openings in various locations in the coming years. The dining portfolio at Jumeirah includes 85 restaurants offering a diverse range of cuisines, featuring collaborations with renowned brands like ZUMA. Several of these establishments have gained international acclaim, with 20 being listed in the Gault&;Millau and Michelin Guides. United Arab Emirates in
5704-536: The Marrakesh Agreement . The GATT still exists as the WTO's umbrella treaty for trade in goods, updated as a result of the Uruguay Round negotiations (a distinction is made between GATT 1994 , the updated parts of GATT, and GATT 1947 , the original agreement which is still the heart of GATT 1994). GATT 1994 is not, however, the only legally binding agreement included via the Final Act at Marrakesh;
5828-606: The Mleiha period, the area was variously occupied by the Achaemenids and other forces, and saw the construction of fortified settlements and extensive husbandry thanks to the development of the falaj irrigation system. The spread of Islam to the northeastern tip of the Arabian Peninsula is thought to have followed directly from a letter sent by the Islamic prophet Muhammad to the rulers of Oman in 630 CE. This led to
5952-453: The Persian Gulf with Qatar and Iran , and with Oman in the Gulf of Oman . As of 2024 , the UAE has an estimated population of over 10 million, of which 11% are Emiratis; Dubai is the most populous city and is an international hub. Islam is the official religion and Arabic is the official language, while English is the most spoken language and the language of business. The United Arab Emirates' oil and natural gas reserves are
6076-532: The Royal Navy to defend the sheikhdoms . On 24 January 1968, British Prime Minister Harold Wilson announced the government's decision, reaffirmed in March 1971 by Prime Minister Edward Heath , to end the treaty relationships with the seven trucial sheikhdoms. Days after the announcement, the ruler of Abu Dhabi, Sheikh Zayed bin Sultan Al Nahyan , fearing vulnerability, tried to persuade the British to honour
6200-648: The United Kingdom represented Abu Dhabi and Oman in their dispute with Saudi Arabia over the Buraimi Oasis . A 1974 agreement between Abu Dhabi and Saudi Arabia seemed to have settled the Abu Dhabi-Saudi border dispute , but this has not been ratified. The UAE's border with Oman was ratified in 2008. PDTC continued its onshore exploration away from the disputed area, drilling five more bore holes that were also dry. However, on 27 October 1960,
6324-416: The human freedom index , citing reports of government critics being imprisoned and tortured, families harassed by the state security apparatus, and cases of forced disappearances . Individual rights such as the freedoms of assembly , association , expression , and the freedom of the press are severely repressed. Stone tools recovered reveal a settlement of people from Africa some 127,000 years ago and
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#17327718627636448-534: The " Singapore issues " such as agricultural subsidies ; while others such as the Seattle conference in 1999 provoked large demonstrations. The fourth ministerial conference in Doha in 2001 approved China's entry to the WTO and launched the Doha Development Round which was supplemented by the sixth WTO ministerial conference (in Hong Kong ) which agreed to phase out agricultural export subsidies and to adopt
6572-603: The 165th and 166th members. In addition to states, the European Union, and each EU country in its own right, is a member. WTO members do not have to be fully independent states; they need only be a customs territory with full autonomy in the conduct of their external commercial relations. Thus Hong Kong has been a member since 1995 (as "Hong Kong, China" since 1997) predating the People's Republic of China, which joined in 2001 after 15 years of negotiations. Taiwan acceded to
6696-453: The 1994 Marrakesh Agreement , thus replacing the General Agreement on Tariffs and Trade (GATT) that had been established in 1948. Its top decision-making body is the Ministerial Conference, which is composed of all members and usually convenes biennially ; consensus is emphasized in all decisions. Day-to-day functions are handled by the General Council, made up of representatives from all members. A Secretariat of over 600 personnel, led by
6820-403: The 2008 global financial crisis, with an average annual 4% GDP growth rate, despite some fluctuations. Armenia 's economy was marked by low inflation, diminishing poverty, and essential progress in enhancing its macroeconomic steadiness in which trade in goods and services, which is the equivalent of 87% of GDP, played a growing role. When the bilateral talks conclude, the working party sends to
6944-425: The Accession Package of Vanuatu on 26 October 2011. On 24 August 2012, the WTO welcomed Vanuatu as its 157th member. An offer of accession is only given once consensus is reached among interested parties. A 2017 study argues that "political ties rather than issue-area functional gains determine who joins" and shows "how geopolitical alignment shapes the demand and supply sides of membership". The "findings challenge
7068-409: The British promised to protect the Trucial Coast from all aggression by sea and to help in case of land attack. British maritime policing meant that pearling fleets could operate in relative security. However, the British prohibition of the slave trade meant an important source of income was lost to some sheikhs and merchants. In 1869, the Qubaisat tribe settled at Khor Al Adaid and tried to enlist
7192-429: The British treaty relationship was to expire in December of that year. Fears of vulnerability were realised the day before independence. An Iranian destroyer group broke formation from an exercise in the lower Gulf, sailing to the Tunb islands . The islands were taken by force, civilians and Arab defenders alike allowed to flee. A British warship stood idle during the course of the invasion. A destroyer group approached
7316-399: The British-Trucial Sheikhdoms treaty expired on 1 December 1971, both emirates became fully independent. On 2 December 1971, six of the emirates (Abu Dhabi, Ajman, Dubai, Fujairah, Sharjah, and Umm Al Quwain) agreed to enter into a union named the United Arab Emirates. Ras al-Khaimah joined later, on 10 January 1972. In February 1972, the Federal National Council (FNC) was created; it was
7440-446: The Director-General and four deputies, provides administrative, professional, and technical services. The WTO's annual budget is roughly 220 million USD , which is contributed by members based on their proportion of international trade. Studies show the WTO has increased trade and reduced trade barriers. It has also influenced trade agreement generally; the vast majority of preferential trade agreements (PTAs) explicitly reference
7564-409: The Global War on Terror for the Horn of Africa at Al Dhafra Air Base located outside of Abu Dhabi. The air base also supported Allied operations during the 1991 Persian Gulf War and Operation Northern Watch . The country had already signed a military defence agreement with the U.S. in 1994 and one with France in 1995. In January 2008, France and the UAE signed a deal allowing France to set up
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#17327718627637688-508: The Greater and the Lesser Tunbs, when Iran captured them during the British rule, resulting in disputes with Iran that remain unresolved. The UAE also disputes claim on other islands against the neighboring state of Qatar. The largest emirate, Abu Dhabi , accounts for 87% of the UAE's total area, 67,340 square kilometres (26,000 sq mi). The smallest emirate, Ajman , encompasses only 259 km (100 sq mi). The UAE coast stretches for nearly 650 km (404 mi) along
7812-436: The Gulf . British expeditions to protect their Indian trade routes led to campaigns against Ras Al Khaimah and other harbours along the coast, including the Persian Gulf campaign of 1809 and the more successful campaign of 1819 . The following year, Britain and a number of local rulers signed a maritime truce , giving rise to the term Trucial States , which came to define the status of the coastal emirates. A further treaty
7936-417: The Khor Fakkan-Fujairah road, barely 10 metres (33 feet) away. Within the Omani exclave of Madha, is a UAE exclave called Nahwa , also belonging to the Emirate of Sharjah. It is about eight kilometres (5.0 miles) on a dirt track west of the town of New Madha. It consists of about forty houses with its own clinic and telephone exchange. World Trade Organization The World Trade Organization ( WTO )
8060-455: The Persian Gulf region. By the 18th century, the Bani Yas confederation was the dominant force in most of the area now known as Abu Dhabi, while the Northern Al Qawasim (Al Qasimi) dominated maritime commerce. The Portuguese maintained an influence over the coastal settlements, building forts in the wake of the bloody 16th-century conquests of coastal communities by Albuquerque and the Portuguese commanders who followed him – particularly on
8184-412: The Trucial States. In 1922, the British government secured undertakings from the rulers of the Trucial States not to sign concessions with foreign companies without their consent. Aware of the potential for the development of natural resources such as oil, following finds in Persia (from 1908) and Mesopotamia (from 1927), a British-led oil company, the Iraq Petroleum Company (IPC), showed an interest in
8308-633: The UAE includes prominent properties such as Jumeirah Burj Al Arab , Jumeirah Beach Hotel , Jumeirah Zabeel Saray , Jumeirah Saadiyat Island, Jumeirah Marsa Al Arab, Jumeirah Residences Marsa Al Arab, and Madinat Jumeirah , which comprises Jumeirah Al Naseem, Jumeirah Al Qasr, Jumeirah Dar Al Masyaf, and Jumeirah Mina Al Salam. The group’s city hotels include Jumeirah Emirates Towers, Jumeirah Creekside Hotel, Jumeirah Living Marina Gate, Zabeel House The Greens, and Jumeirah Living World Trade Centre Residences. Jumeirah also operates properties in Kuwait , Oman , Bahrain , Makkah , Guangzhou , Nanjing , Bali ,
8432-415: The Understanding on Rules and Procedures Governing the Settlement of Disputes (DSU) annexed to the "Final Act" signed in Marrakesh in 1994. Dispute settlement is regarded by the WTO as the central pillar of the multilateral trading system, and as a "unique contribution to the stability of the global economy". WTO members have agreed that, if they believe fellow-members are violating trade rules, they will use
8556-419: The Upper Thamama rock formation. This was the first commercial discovery of the Trucial Coast, leading to the first exports of oil in 1962. ADMA made further offshore discoveries at Zakum and elsewhere, and other companies made commercial finds such as the Fateh oilfield off Dubai and the Mubarak field off Sharjah (shared with Iran). Meanwhile, onshore exploration was hindered by territorial disputes. In 1955,
8680-448: The Uruguay Round talks aimed to extend the trading system into several new areas, notably trade in services and intellectual property, and to reform trade in the sensitive sectors of agriculture and textiles; all the original GATT articles were up for review. The Final Act concluding the Uruguay Round and officially establishing the WTO regime was signed on 15 April 1994, during the ministerial meeting at Marrakesh , Morocco—hence known as
8804-401: The WTO cooperates closely with the two other components of the Bretton Woods system , the IMF and the World Bank. The WTO is recognized for producing authoritative annual reports that provide clarity on the complexities of global trade. These documents are essential for anyone involved with or interested in trade policies and trends. The World Trade Report stands as a key publication from
8928-653: The WTO in 2002 as the " Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu ." The WTO Secretariat omits the official titles (such as Counsellor, First Secretary, Second Secretary and Third Secretary) of the members of Taiwan 's Permanent Mission to the WTO, except for the titles of the Permanent Representative and the Deputy Permanent Representative. As of 2007, WTO members represented 96.4% of global trade and 96.7% of global GDP. Iran , followed by Algeria , are
9052-411: The WTO rules. The final phase of accession involves bilateral negotiations between the applicant nation and other working party members regarding the concessions and commitments on tariff levels and market access for goods and services. The new member's commitments are to apply equally to all WTO members under normal non-discrimination rules, even though they are negotiated bilaterally. For instance, as
9176-451: The WTO's consensus governance model provides law-based initial bargaining, trading rounds close through power-based bargaining favoring Europe and the U.S., and may not lead to Pareto improvement . The WTO's dispute-settlement system "is the result of the evolution of rules, procedures and practices developed over almost half a century under the GATT 1947". In 1994, the WTO members agreed on
9300-640: The WTO, the Ministerial Conference , usually meets every two years. It brings together all members of the WTO, all of which are countries or customs unions. The Ministerial Conference can take decisions on all matters under any of the multilateral trade agreements. Some meetings, such as the inaugural ministerial conference in Singapore and the Cancun conference in 2003 involved arguments between developed and developing economies referred to as
9424-568: The WTO, with substantial portions of text copied from WTO agreements. Goal 10 of the United Nations Sustainable Development Goals also referenced WTO agreements as instruments of reducing inequality. However, critics contend that the benefits of WTO-facilitated free trade are not shared equally. The WTO precursor General Agreement on Tariffs and Trade (GATT) was established by a multilateral treaty of 23 countries in 1947 after World War II in
9548-455: The WTO. It delves into the current trade trends and policy challenges, offering comprehensive insights into the evolving dynamics of the global multilateral trading system and its socioeconomic implications. The WTO Annual Report compiles a complete overview of the organization's activities, operations, and progress over the year. Detailed reports on the WTO's budget and staffing highlight its commitment to transparency and accountability within
9672-518: The additional functions of the World Trade Organization. As globalization proceeds in today's society, the necessity of an International Organization to manage the trading systems has been of vital importance. As the trade volume increases, issues such as protectionism, trade barriers, subsidies, violation of intellectual property arise due to the differences in the trading rules of every nation. The World Trade Organization serves as
9796-526: The attempt of the establishment of an Islamist state in the UAE. Mindful of the protests in nearby Bahrain, in November 2012 the UAE outlawed online mockery of its government or attempts to organise public protests through social media. On 29 January 2020, the COVID-19 pandemic was confirmed to have reached the UAE . Two months later, in March, the government announced the closure of shopping malls, schools, and places of worship, in addition to imposing
9920-414: The bovine meat and dairy agreements, leaving only two. ) Despite attempts in the mid-1950s and 1960s to establish some form of institutional mechanism for international trade, the GATT continued to operate for almost half a century as a semi-institutionalized multilateral treaty régime on a provisional basis. Well before GATT's 40th anniversary (due in 1987–1988), GATT members concluded that the GATT system
10044-549: The company discovered oil in commercial quantities at the Murban No. 3 well on the coast near Tarif. In 1962, PDTC became the Abu Dhabi Petroleum Company . As oil revenues increased, the ruler of Abu Dhabi, Zayed bin Sultan Al Nahyan , undertook a massive construction program, building schools, housing, hospitals, and roads. When Dubai's oil exports commenced in 1969, Sheikh Rashid bin Saeed Al Maktoum ,
10168-437: The council. The council was terminated once the United Arab Emirates was formed. The tribal nature of society and the lack of definition of borders between emirates frequently led to disputes, settled either through mediation or, more rarely, force. The Trucial Oman Scouts was a small military force used by the British to keep the peace. In 1953, a subsidiary of BP , D'Arcy Exploration Ltd, obtained an offshore concession from
10292-426: The country's total area, excluding the islands. The Emirate of Sharjah extends along approximately 16 km (10 mi) of the UAE's Persian Gulf coastline and for more than 80 km (50 mi) into the interior. The northern emirates which include Fujairah, Ajman, Ras al-Khaimah, and Umm al-Qaiwain all have a total area of 3,881 square kilometres (1,498 square miles). There are two areas under joint control. One
10416-555: The daily work is handled by three bodies whose membership is the same; they only differ by the terms of reference under which each body is constituted: The General Council, whose Chair as of 2020 is David Walker of New Zealand, has the following subsidiary bodies which oversee committees in different areas: The Service Council has three subsidiary bodies: financial services, domestic regulations, GATS rules, and specific commitments. The council has several different committees, working groups, and working parties. There are committees on
10540-418: The dispute settlement system cannot be used to resolve trade disputes that arise from political disagreements. When Qatar requested the establishment of a dispute panel concerning measures imposed by the UAE, other GCC countries and the US were quick to dismiss its request as a political matter, stating that national security issues were political and not appropriate for the WTO dispute system. Since 2019, when
10664-493: The east coast at Muscat , Sohar , and Khor Fakkan . The southern coast of the Persian Gulf was known to the British as the " Pirate Coast ", as boats of the Al Qawasim federation harassed British-flagged shipping from the 17th century into the 19th. The charge of piracy is disputed by modern Emirati historians, including the current ruler of Sharjah, Sheikh Sultan Al Qasimi , in his 1986 book The Myth of Arab Piracy in
10788-480: The economies with the largest GDP and trade outside the WTO, using 2005 data. With the exception of the Holy See , observers must start accession negotiations within five years of becoming observers. A number of international intergovernmental organizations have also been granted observer status to WTO bodies. Ten UN members have no affiliation with the WTO. The WTO oversees about 60 different agreements which have
10912-512: The emirates contested jurisdiction over more than a dozen enclaves. The UAE contains the following terrestrial ecoregions: Al Hajar montane woodlands and shrublands, Gulf of Oman desert and semi-desert , and Al-Hajar foothill xeric woodlands and shrublands . The oases grow date palms , acacia , and eucalyptus trees. In the desert, the flora is very sparse and consists of grasses and thorn bushes. The indigenous fauna had come close to extinction because of intensive hunting, which has led to
11036-705: The establishment of seasonal and semi-seasonal settlements and centres. These formed tribal groupings whose names are still carried by modern Emiratis, including the Bani Yas and Al Bu Falah of Abu Dhabi , Al Ain, Liwa , and the west coast; the Dhawahir , Awamir, Al Ali , and Manasir of the interior; the Sharqiyin of the east coast; and the Qawasim to the north. With the expansion of European colonial empires , Portuguese, English, and Dutch forces appeared in
11160-420: The following: Trade and Environment; Trade and Development (Subcommittee on Least-Developed Countries ); Regional Trade Agreements ; Balance of Payments Restrictions; and Budget, Finance and Administration. There are working parties on the following: Accession. There are working groups on the following: Trade, debt and finance; and Trade and technology transfer. As of 31 December 2022, the number of WTO staff on
11284-599: The form of tariffs, and to improve the system, adopting a series of agreements on non-tariff barriers , which in some cases interpreted existing GATT rules, and in others broke entirely new ground. Because not all GATT members accepted these plurilateral agreements , they were often informally called "codes". (The Uruguay Round amended several of these codes and turned them into multilateral commitments accepted by all WTO members. Only four remained plurilateral (those on government procurement, bovine meat, civil aircraft, and dairy products), but in 1997 WTO members agreed to terminate
11408-540: The future of the Doha Round remained uncertain: the work programme lists 21 subjects in which the original deadline of 1 January 2005 was missed, and the round remains incomplete. The conflict between free trade on industrial goods and services but retention of protectionism on farm subsidies to domestic agricultural sectors (requested by developed countries ) and the substantiation of fair trade on agricultural products (requested by developing countries) remain
11532-525: The general council or ministerial conference an accession package, which includes a summary of all the working party meetings, the Protocol of Accession (a draft membership treaty), and lists ("schedules") of the member to be commitments. Once the general council or ministerial conference approves of the terms of accession, the applicant's parliament must ratify the Protocol of Accession before it can become
11656-639: The island of Abu Musa as well. But there, Sheikh Khalid bin Mohammed Al Qasimi had already negotiated with the Iranian shah, and the island was quickly leased to Iran for $ 3 million a year. Meanwhile, Saudi Arabia laid claim to swathes of Abu Dhabi. Originally intended to be part of the proposed Federation of Arab Emirates, Bahrain became independent in August, and Qatar in September 1971. When
11780-580: The major developing countries on issues such as industrial tariffs and non-tariff barriers to trade particularly against and between the EU and the US over their maintenance of agricultural subsidies —seen to operate effectively as trade barriers. Repeated attempts to revive the talks proved unsuccessful, though the adoption of the Bali Ministerial Declaration in 2013 addressed bureaucratic barriers to commerce. As of June 2012 ,
11904-488: The major obstacles. This impasse has made it impossible to launch new WTO negotiations beyond the Doha Development Round. As a result, there have been an increasing number of bilateral free trade agreements between governments. As of July 2012 there were various negotiation groups in the WTO system for the current stalemated agricultural trade negotiation. Promotion of growth by facilitating trade
12028-419: The mediator between the nations when such problems arise. WTO could be referred to as the product of globalization and also as one of the most important organizations in today's globalized society. The WTO is also a center of economic research and analysis: regular assessments of the global trade picture in its annual publications and research reports on specific topics are produced by the organization. Finally,
12152-713: The multilateral system of settling disputes instead of taking action unilaterally. The operation of the WTO dispute settlement process involves case-specific panels appointed by the Dispute Settlement Body (DSB), the Appellate Body , the Director-General and the WTO Secretariat, arbitrators, and advisory experts. The priority is to settle disputes, preferably through a mutually agreed solution, and provision has been made for
12276-469: The other half are elected. By law, the council members have to be equally divided between males and females. The FNC is restricted to a largely consultative role. The United Arab Emirates is an authoritarian federal monarchy . According to the New York Times , the UAE is "an autocracy with the sheen of a progressive, modern state". The UAE has been described as a "tribal autocracy" where
12400-550: The people of the Persian Gulf. The First World War had a severe impact on the industry, but it was the economic depression of the late 1920s and early 1930s, coupled with the invention of the cultured pearl , that wiped out the trade. The remnants of the trade eventually faded away shortly after the Second World War , when the newly independent Government of India imposed heavy taxation on imported pearls. The decline of pearling resulted in extreme economic hardship in
12524-511: The prime minister of the UAE and the ruler of Dubai, died, and Sheikh Mohammed bin Rashid Al Maktoum assumed both roles. The first ever national elections were held on 16 December 2006. A number of voters chose half of the members of the Federal National Council . The UAE has largely escaped the Arab Spring , which other countries have experienced; however, 60 Emirati activists from Al Islah were apprehended for an alleged coup attempt and
12648-410: The process to be conducted in an efficient and timely manner so that "If a case is adjudicated, it should normally take no more than one year for a panel ruling and no more than 16 months if the case is appealed... If the complainant deems the case urgent, consideration of the case should take even less time. WTO member nations are obliged to accept the process as exclusive and compulsory. According to
12772-538: The protection treaties by offering to pay the full costs of keeping the British Armed Forces in the Emirates. The British Labour government rejected the offer. After Labour MP Goronwy Roberts informed Sheikh Zayed of the news of British withdrawal, the nine Persian Gulf sheikhdoms attempted to form a union of Arab emirates, but by mid-1971 they were still unable to agree on terms of union even though
12896-470: The realm of global trade management. The World Trade Statistical Review has taken the place of the previously issued International Trade Statistics . As the WTO's premier source for annual trade data, it provides thorough analysis and statistics on the latest developments in world trade, proving to be an indispensable resource for global trade information. The WTO establishes a framework for trade policies; it does not define or specify outcomes. That is, it
13020-613: The region. The Anglo-Persian Oil Company (APOC, later to become British Petroleum , or BP) had a 23.75% share in IPC. From 1935, onshore concessions to explore for oil were granted by local rulers, with APOC signing the first one on behalf of Petroleum Concessions Ltd (PCL), an associate company of IPC. APOC was prevented from developing the region alone because of the restrictions of the Red Line Agreement , which required it to operate through IPC. A number of options between PCL and
13144-551: The ruler of Abu Dhabi. BP joined with Compagnie Française des Pétroles (later Total ) to form operating companies, Abu Dhabi Marine Areas Ltd (ADMA) and Dubai Marine Areas Ltd (DUMA). A number of undersea oil surveys were carried out, including one led by the famous marine explorer Jacques Cousteau . In 1958, a floating platform rig was towed from Hamburg , Germany , and positioned over the Umm Shaif pearl bed, in Abu Dhabi waters, where drilling began. In March, it struck oil in
13268-469: The ruler of Dubai, was able to invest the revenues from the limited reserves found to spark the diversification drive that would create the modern global city of Dubai. By 1966, it had become clear that the British government could no longer afford to administer and protect the Trucial States , what is now the United Arab Emirates. British Members of Parliament (MPs) debated the preparedness of
13392-445: The seven constituent monarchies are led by tribal rulers in an autocratic fashion. There are no democratically elected institutions, and there is no formal commitment to free speech. According to human rights organisations, there are systematic human rights violations, including the torture and forced disappearance of government critics. The UAE ranks poorly in freedom indices measuring civil liberties and political rights . The UAE
13516-517: The seven emirates in order to preempt territorial disputes that might hamper formation of the federation. In general, the rulers of the emirates accepted the British interventions, but in the case of boundary disputes between Abu Dhabi and Dubai, and also between Dubai and Sharjah, conflicting claims were not resolved until after the UAE became independent. The most complicated borders were in the Western Hajar Mountains , where five of
13640-701: The shore. The UAE also has a stretch of the Al Bāţinah coast of the Gulf of Oman. The Musandam Peninsula , the very tip of Arabia by the Strait of Hormuz, and Madha are exclaves of Oman separated by the UAE. South and west of Abu Dhabi, vast, rolling sand dunes merge into the Rub al-Khali (Empty Quarter) of Saudi Arabia. The desert area of Abu Dhabi includes two important oases with adequate underground water for permanent settlements and cultivation. The extensive Liwa Oasis
13764-455: The southern shore of the Persian Gulf , briefly interrupted by an isolated outcrop of the Sultanate of Oman. Six of the emirates are situated along the Persian Gulf, and the seventh, Fujairah, is on the eastern coast of the peninsula with direct access to the Gulf of Oman. Most of the coast consists of salt pans that extend 8–10 km (5.0–6.2 mi) inland. The largest natural harbor
13888-688: The support of the Ottomans. Khor Al Adaid was claimed by Abu Dhabi at that time, a claim supported by the British. In 1906, the British Political Resident, Percy Cox , confirmed in writing to the ruler of Abu Dhabi, Zayed bin Khalifa Al Nahyan ('Zayed the Great'), that Khor Al Adaid belonged to his sheikhdom. During the 19th and early 20th centuries, the pearling industry thrived, providing both income and employment to
14012-782: The territory ( the Ridda Wars ) with the Battle of Dibba in which 10,000 lives are thought to have been lost. This assured the integrity of the Caliphate and the unification of the Arabian Peninsula under the newly emerging Rashidun Caliphate . In 637, Julfar (in the area of today's Ras Al Khaimah ) was an important port that was used as a staging post for the Islamic invasion of the Sasanian Empire . The area of
14136-410: The trucial rulers were signed, providing useful revenue for communities experiencing poverty following the collapse of the pearl trade. However, the wealth of oil which the rulers could see from the revenues accruing to surrounding countries remained elusive. The first bore holes in Abu Dhabi were drilled by IPC's operating company, Petroleum Development (Trucial Coast) Ltd (PDTC) at Ras Sadr in 1950, with
14260-522: The view that states first liberalize trade to join the GATT/WTO. Instead, democracy and foreign policy similarity encourage states to join." A country wishing to accede to the WTO submits an application to the General Council, and has to describe all aspects of its trade and economic policies that have a bearing on WTO agreements. The application is submitted to the WTO in a memorandum which
14384-637: The wake of other new multilateral institutions dedicated to international economic cooperation—such as the World Bank (founded 1944) and the International Monetary Fund (founded 1944 or 1945). A comparable international institution for trade, named the International Trade Organization never started as the U.S . and other signatories did not ratify the establishment treaty, and so GATT slowly became
14508-498: The west, south, and southeast, and a 450-kilometre (280 mi) border with Oman on the southeast and northeast. The land border with Qatar in the Khor Al Adaid area is about nineteen kilometres (12 miles) in the northwest; however, it is a source of ongoing dispute . Following Britain's military departure from the UAE in 1971, and its establishment as a new state, the UAE laid claim to Iranian-occupied islands of Abu Musa and
14632-436: The world's seventh and seventh-largest , respectively. Zayed bin Sultan Al Nahyan , ruler of Abu Dhabi and the country's first president, oversaw the development of the Emirates by investing oil revenues into healthcare, education, and infrastructure. The country has the most diversified economy among the members of the Gulf Cooperation Council (GCC). In the 21st century, the UAE has become less reliant on oil and gas and
14756-481: The world, to attain gender parity in a national legislative body, with its lower house 50 per cent women. The UAE is the only country in the world that has a Ministry of Tolerance , a Ministry of Happiness , and a Ministry of Artificial Intelligence. The UAE also has a virtual ministry called the Ministry of Possibilities, designed to find solutions to challenges and improve quality of life. The UAE also has
14880-514: Was due to be held in Nur-Sultan , Kazakhstan, in June 2020 but was canceled because of the COVID-19 pandemic . It was later held in Geneva , Switzerland from 12–17 June 2022. The Thirteenth Ministerial Conference (MC13) was held in Abu Dhabi , U.A.E. on 26–29 February 2024, and extended to Friday 1 March 2024 to complete deliberations. The WTO launched the current round of negotiations,
15004-496: Was signed in 1843 and in 1853, the Perpetual Maritime Truce was agreed. To this was added the 'Exclusive Agreements', signed in 1892, which made the Trucial States a British protectorate. Under the 1892 treaty, the trucial sheikhs agreed not to dispose of any territory except to the British and not to enter into relationships with any foreign government other than the British without their consent. In return,
15128-554: Was straining to adapt to a globalizing world economy. In response to problems identified in the 1982 Ministerial Declaration (structural deficiencies, spill-over impacts of certain countries' policies on world trade which GATT could not manage, etc.), a meeting in Punta del Este , Uruguay, launched the eighth GATT round—known as the Uruguay Round—in September 1986. In the biggest negotiating mandate on trade ever agreed,
15252-711: Was that of Vanuatu, whose Working Party on the Accession of Vanuatu was established on 11 July 1995. After a final meeting of the Working Party in October 2001, Vanuatu requested more time to consider its accession terms. In 2008, it indicated its interest to resume and conclude its WTO accession. The Working Party on the Accession of Vanuatu was reconvened informally on 4 April 2011 to discuss Vanuatu's future WTO membership. The re-convened Working Party completed its mandate on 2 May 2011. The General Council formally approved
15376-469: Was that of the Kyrgyz Republic , while the longest was that of Russia, which, having first applied to join GATT in 1993, was approved for membership in December 2011 and became a WTO member on 22 August 2012. Kazakhstan also had a long accession negotiation process. The Working Party on the Accession of Kazakhstan was established in 1996 and was approved for membership in 2015. The second longest
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