Page 494 - MOE ENGLISH PR REPORT- NOVEMBER 2024

11/12/24, 9:59 AM PRESSR: Economic Integration Committee explores potential amendments to economic laws — TradingView News
economic diversification and boost the competitiveness of the country's

business and investment environment, thanks to its active contributions in

discussing and proposing numerous economic laws and policies.

Furthermore, the Committee has adopted global best practices in the

development of key economic sectors and advancing frameworks for

cooperation in areas such as intellectual property, consumer protection,

anti-money laundering, and digital trade.

H.E. said: "The Committee is actively working to promote the country's

transition towards a new knowledge and innovation-based economic

model. Its primary objective is to encourage collaboration among relevant
federal and local entities, with the aim of positioning the UAE as a global

leader in the development of proactive legislation for new economic

sectors, in line with the goals outlined in the 'We the UAE 2031' vision."

The Committee highlighted the UAE's efforts to enhance economic

openness and forge trade partnerships with prominent markets, both

regionally and globally. These initiatives include the signing of

comprehensive economic partnership agreements with several countries,
including Jordan, Serbia, and Vietnam. These agreements play a crucial

role in achieving the country's future economic objectives and solidifying

its position as a global trade partner. Additionally, the Committee reviewed

the progress made in the development of database and statistics for the

UAE's services sector, which aims to bolster the digital ecosystem for trade,
investment, and supply chains.

In addition, the meeting evaluated the progress made in the
implementation of the Cabinet resolution concerning telemarketing

regulations to reduce intrusive marketing calls. The participants explored

the development of a monitoring system to ensure that the resolution is

not bypassed by certain companies, and to ensure full compliance with it.

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