Page 693 - MOE ENGLISH PR REPORT - JANUARY 2025

1/20/25, 4:49 PM Economic Integration Committee reviews its achievements - Middle East News 247
legislative system. This was achieved through the review and development of several laws and national
policies in accordance with global best practices, strengthening national efforts to ensure the harmonization

of legislation and regulations, and submitting proposals for the sustainability and growth of national economic
sectors and activities.

The Minister of Economy pointed out that the Committee remains steadfast in its efforts to develop new
economic legislation and resolutions to achieve the national goal of positioning the UAE as a global leader in
the development of proactive legislation for new economic sectors by the next decade, in line with the ‘We

the UAE 2031′ vision.

Contribution to the issuance & development of five laws and four economic policies

The meeting reviewed the Committee’s 2024 annual report, showcasing its role in issuing and developing

five laws and four economic policies governing vital sectors in the UAE, including cooperatives, family
businesses, consumer rights protection, corporate governance, and anti-money laundering. The committee
also supported 13 initiatives in critical economic areas. Among these was an intellectual property initiative

aimed at fostering innovation and creativity within companies while enhancing the competitiveness of UAE’s
products in global markets. Another initiative focused on empowering family businesses, driving their growth
and ensuring their sustainability across generations.

Formation of seven national task forces and issuance of 79 recommendations

The report highlighted that during the past year, the Committee held seven meetings, formed seven national
task forces to enhance economic integration and cooperation between federal and local entities, and worked
on implementing key economic legislation and policies. It also issued 79 different recommendations, of which

over 98 per cent have been successfully implemented and the remaining in progress. Additionally, the
Committee continued its efforts to ensure the effective implementation of the anti-money laundering and

countering the financing of terrorism (AML/CFT) framework, with a focus on regulating company registrars

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