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UAE Leads Global Trade Regulators Roundtable To

Enhance TradeTech Initiatives

By OneArabia
Published: Tuesday, October 29, 2024, 21:09 [GST]

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, recently led the first Virtual
Global Trade Regulators Roundtable. This event was part of the UAE-World Economic Forum (WEF)
TradeTech Initiative. Organised by the UAE Ministry of Economy, it brought together trade regulators
from major economies to discuss regulatory frameworks needed for advanced technologies in
global trade.

The TradeTech Initiative, launched with the WEF, aims to revolutionise international trade using
technologies like AI, blockchain, and data analytics. Key goals include automating customs
processes, improving supply chain transparency, and supporting real-time trade finance solutions.
These efforts aim to create a streamlined and technology-enabled global trade ecosystem.

Participants at the roundtable engaged in discussions on various topics. They explored regulatory
innovations for cross-border digital trade and public-private partnerships to tackle cybersecurity
challenges. The use of regulatory sandboxes to test emerging trade technologies was also a focus.

https://www.onearabia.me/local/uae-global-trade-regulators-roundtable-tradetech-initiative-011-
77127.html