Page 556 - MOE ENGLISH PR REPORT- NOVEMBER 2024

11/11/24, 3:26 PM Economic Integration Committee explores potential amendments to economic laws to promote ease of doing business in the count…
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. Furthermore, the meeting reviewed the number of violations and penalties
imposed by the relevant authorities in this regard.

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