Page 60 - MOE ENGLISH PR REPORT- NOVEMBER 2024

Press Release

Economic Integration Committee explores potential amendments to

economic laws to promote ease of doing business in the country

H.E. Bin Touq: The Committee has been instrumental in supporting efforts to
enhance national economic diversification & boost the competitiveness of
business environment

Abu Dhabi, November 1, 2024:

The Economic Integration Committee held its sixth meeting for the year 2024, chaired by H.E.
Abdulla bin Touq Al Marri, Minister of Economy. It was attended by H.E. Dr. Thani bin Ahmed
Al Zeyoudi, Minister of State for Foreign Trade, H.E. Alia bint Abdulla Al Mazrouei, Minister of
State for Entrepreneurship, and the directors general of the local economic development
departments in all emirates.

The latest Committee meeting examined proposals for new legislative amendments to several
economic laws to further enhance economic and commercial activities and facilitate the
establishment of new businesses. The Committee also discussed the importance of strengthening
consumer protection mechanisms against intrusive marketing calls and reviewed actions taken by
relevant authorities in this regard.

In this regard, H.E. Bin Touq emphasized that the Economic Integration Committee has been
instrumental in supporting efforts to enhance national 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