Page 183 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 2)

4/21/25, 8:52 AM Home | Emirates News Agency
supportive regulatory frameworks, and promoting their widespread adoption, we can

ensure that trade flows freely, efficiently, and sustainably.”

Al Kait states that the UAE is determined to lead this transformation, empowering

the next generation of TradeTech entrepreneurs and creating a future where trade is

smarter, faster, and more accessible for all.

Tim Stekkinger, Head of the TradeTech Initiative at the World Economic Forum

(WEF), stated, "In today's world, we need more bridge builders—governments,

institutions, and innovators—willing to align strengths and build common ground.

That's what TradeTech is about. It's not just about deploying the latest technologies

—it's about applying them holistically, across borders and across sectors."

The TradeTech Initiative includes the annual TradeTech Report, providing insights

and analysis on the adoption of emerging technologies in trade; the TradeTech

Accelerator, supporting startups to develop advanced technology solutions to

enhance trade processes; and the TradeTech Regulatory Sandbox, serving as a

testing ground for preliminary regulations to facilitate the safe and effective

deployment of TradeTech solutions.

The TradeTech Regulatory Sandbox has achieved significant milestones, with eight

participants piloting solutions that streamline trade finance and enhance digital

documentation. Innovations such as an MLETR-compliant digital trade platform and

a blockchain-based Digital Product Passport were among the groundbreaking

projects highlighted during the forum.

The inaugural TradeTech Accelerator Programme, in collaboration with Plug and

Play Abu Dhabi, also concluded successfully, culminating in a Demo Day where 14

pioneering startups presented their cutting-edge solutions aimed at transforming

global trade and supply chains, with solutions spanning smart ports, AI-driven

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