Page 43 - ETIHAD CREDIT INSURANCE PR REPORT - FEBRUARY 2025

2/20/25, 3:10 PM ECI highlights its role in empowering exports and supporting non-oil GDP - Middle East News 247
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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