Page 191 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 2)

4/21/25, 8:52 AM TradeTech Forum 2025 Shapes Future Of Global Trade - UrduPoint
about ideas, it is about action.”

He added, “Trade must lead the digital revolution and we must harness the power
of technology to reshape global trade. By scaling innovative solutions, developing

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

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