Page 39 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 1

Furthermore, discussions covered new frameworks and tools designed to enhance data security
and privacy, preventing consumer information from being used for marketing purposes without
explicit consent, particularly given the proliferation of telemarketing and digital platforms.

Advancing green economy and innovation policies

The Committee affirmed its support for the Year of Community 2025, declared by the UAE
President, through policies promoting a sustainable, diversified economy. These efforts aim to
serve all community segments, enhance participation in economic and social development, and
boost the socio-economic impact of economic activities. The meeting also emphasized the
importance of fostering green economy initiatives, driving innovation, and empowering startups
and SMEs to tap into diverse economic opportunities.
CEPA developments

The latest Committee meeting discussed recent updates on the UAE’s Comprehensive Economic
Partnership Agreements (CEPA) with India, Türkiye, Indonesia, Jordan, Georgia, and Colombia,
emphasizing their role in expanding opportunities for UAE businesses, facilitating trade, and
opening new markets for national industries. It emphasized the importance of expanding the CEPA
network in 2025 to include more countries, aligning with the ‘We the UAE 2031’ vision, which
seeks to elevate the nation’s non-oil foreign trade value to AED 4 trillion.

Reviewing company integration with the National Economic Register
In another context, the Committee reviewed the latest developments related to linking corporate
financial statements with the National Economic Register. Discussions included an assessment of
collectable financial data, a review of supporting legislation, and an evaluation of current processes
to enhance financial and economic integration within the UAE. The possibility of organizing a
workshop to discuss data collection implementation with relevant authorities was also explored.

Enhancing legislative frameworks for new economy

The Committee reiterated its commitment to advancing the UAE’s business landscape by updating
regulatory frameworks and adopting policies that reinforce the nation’s leadership in proactive
economic legislation for emerging industries, thereby achieving the national target of securing a
top global ranking in economic regulatory innovation by the next decade, in line with the 'We the
UAE 2031' vision.

The meeting concluded with discussions on the fourth edition of Investopia 2025, set to take place
in Abu Dhabi on February 26-27. The Committee reviewed the event’s agenda, including panel
discussions and global investment forums, and emphasized its importance in enhancing the UAE’s
economic competitiveness and strengthening its position as a key destination for business and
investment in the new economy sectors.

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