Page 13 - ETIHAD CREDIT INSURANCE PR REPORT - FEBRUARY 2025
P. 13
Press Release
Furthermore, H.E. Al Mazrouei underscored the key role of non-oil trade in the UAE’s
economy, with the sector contributing approximately 75 per cent of the overall GDP.
She explained that the UAE’s collaborations and partnerships, which include
comprehensive economic partnership agreements (CEPAs), have played a crucial role
in facilitating seamless market access for SME products. She further highlighted the
critical role of innovative credit solutions, trade easing initiatives enhancing of export,
streamlining of logistics region and the joint efforts between the public and private
sectors in strengthening non-oil exports, re-exports and foreign trade for UAE-based
companies.
The event also underscored the need for enhanced communication and collaboration
among organisations and industry stakeholders to develop capabilities and enhance
trade, imports and exports at both local and global levels. The key focus was on strategic
planning to follow a progressive approach that efficiently addresses challenges and
shapes a dynamic future. During the sessions, experts stressed that collaborations
among key players of the international trade ecosystem, including financial
organisations, exporters and importers, are essential for achieving sustainable growth.
They highlighted the significance of establishing channels for exchanging expertise and
knowledge to enable businesses, particularly SMEs, to overcome barriers in accessing
global markets.
The GTR MENA event featured over 80 speakers and 45 presenters, exploring a wide
range of topics, including the impact of digitalisation on the future of trade finance, the
role of financial technology and innovations, and regulatory frameworks designed to
address challenges such as supply chain resilience and bridging gaps in trade finance.
Additionally, discussions covered the role of institutional investors in boosting
liquidity, meeting supply chain finance demands, and supporting regional economic
diversification, particularly in the GCC region and Africa. The event also delved into
digital advancements, investment strategies and strategic collaborations that contribute
to a more flexible and efficient global trade landscape.
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