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world challenges. "Trade remains one of the most powerful drivers of economic growth, innovation,
and prosperity," he stated.

He added that technologies such as AI and blockchain can revolutionise supply chains by reducing
barriers and increasing transparency. The UAE is committed to leading these advancements to
create a smarter global trading ecosystem.

Al Zeyoudi provided updates on the TradeTech Initiative’s Accelerator and Sandbox programs. The
Accelerator has onboarded 15 startups working on solutions like AI-powered customs automation.
Meanwhile, the Sandbox offers a collaborative space for testing technologies under real-world
conditions.
The insights from these programs will be shared at the second TradeTech Forum in Abu Dhabi in
April 2025. This initiative reflects the UAE's dedication to modernising trade systems by fostering
collaboration among governments, businesses, and innovators.

Potential Impact of AI on Global Trade

The TradeTech Report suggests that adopting AI could boost trade in goods and services by up to
13.6% by 2040. However, it warns of risks like "AI divergence," where uneven adoption might
fragment global trade systems. To address this, Al Zeyoudi emphasised interoperability, trust-
building, and investment in workforce development as essential measures.

"Trade is evolving," Al Zeyoudi concluded, "and nations like the UAE must seize this opportunity to
shape a new global trading system." By integrating advanced technologies and fostering
partnerships across borders, there are unparalleled opportunities for economic growth and
sustainable development.

The UAE's efforts aim to unlock trillions of dollars in additional global trade value while ensuring
equitable distribution of benefits. This commitment underscores its leadership in reshaping future
trade dynamics through technological innovation.

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