Page 101 - MOE ENGLISH PR REPORT- NOVEMBER 2024

12/5/24, 10:50 AM UAE is home to over 1.5mln trade licenses: Minister of Economy
This reflects the Ministry's adherence to best practices in data management and flow, contributing to the
development of a comprehensive economic database that supports the UAE's future economy agenda,
aids in making strategic decisions that enhance international economic relations. It also assists in
monitoring the financial performance of companies and ensures the sustainability and competitiveness

of SMEs.

Furthermore, the meeting discussed a proposed initiative to support and protect the intellectual property
rights of UAE products with geographical indications (GI), and to enhance their expansion and
competitiveness in regional and global markets. It will safeguard the rights of Emirati producers in

international markets and boost the production of local products that reflect the UAE’s identity and
heritage.

Such efforts will contribute to the growth of trade relations with partners through mutual recognition of
geographical indications and bolster the UAE’s global reputation as a ‘country of origin’ for high-quality
products such as dates, dairy, honey, and fish.

The Committee emphasised the necessity for producers to adhere to all production standards and
regulations concerning IP protection for the trademarks of GI tagged products. This will be done in
coordination and cooperation with relevant authorities to facilitate licensing and ensure compliance with
the set standards, thereby supporting traditional industries, encouraging tourism, and protecting national

heritage.

RELATED TOPICS
ECONOMY UAE GCC COUNTRIES TRADE

RELATED COMPANIES
Ministry of Economy UAE Cabinet Economic Integration Committee

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