Page 322 - MOE ENGLISH PR REPORT - SEPTEMBER 2024 (Part 1)

9/29/24, 12:12 PM World FZO's 10th annual World Congress concludes in Dubai
by His Highness Sheikh Mohammed bin Rashid Al Maktoum in Dubai, where the

organization's headquarters is located. The organisation has played a pivotal role in

setting global standards and contributing to efforts aimed at achieving sustainable

development worldwide. Over the past decade, it has successfully expanded its

membership base from 14 founding members to a thriving global community of

1,600 members from 141 countries, supported by a global network of 12 regional

offices and 42 national contact points.

The congress opened with a 'Ministerial Meeting' attended by Dr. Thani bin Ahmed

Al Zeyoudi, Minister of State for Foreign Trade, along with 24 ministers, deputy

ministers, and secretaries-general. The meeting discussed the future role of artificial

intelligence and emerging technologies in global trade, focusing on five key areas:

how to harness emerging opportunities and address challenges through international

cooperation, maximizing the potential benefits of AI and new technologies while

minimizing risks, enhancing trade and AI integration to drive sustainable global

development, stimulating trade and investment, and tackling supply chain

challenges through free zones, while shaping safer, more resilient supply chains

through modern economic zones.

In his speech during the Ministerial Meeting, Dr. Thani Al Zeyoudi, Minister of

State for Foreign Trade, said: 'We are at the cusp of a new global trade paradigm,

marked by both challenges and opportunities as global supply chains undergo

transformation alongside the rapid digitalisation of trade. Technology, meanwhile, is

transcending boundaries and reshaping global trade, with artificial intelligence (AI)

and blockchain improving the resilience of supply chains. Amid these shifts,

technology emerges as a transformative force, capable of transcending regional

boundaries and revolutionizing global trade.'

He added: 'The UAE is strategically positioned as a global trade leader, adopting a

neutral stance that balances trade and diplomacy while strengthening its global

partnerships through comprehensive economic partnership agreements (CEPAs).'

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