Page 153 - MOE ENGLISH PR REPORT - OCTOBER 2024

11/1/24, 11:49 AM UAE Leads the Charge in Global Trade Innovation with Groundbreaking TradeTech Initiative
Abu Dhabi, UAE - The inaugural Virtual Global Trade Regulators Roundtable, led by

Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, marked a

significant step in the UAE-World Economic Forum's TradeTech Initiative. This event

brought together trade regulators worldwide to discuss regulatory frameworks suitable

for the advancing adoption of technology in global trade.

Discussions centered on how to innovate regulations for digital trade, establish public-

private partnerships to tackle cybersecurity issues, and utilize regulatory sandboxes to

trial emerging trade technologies. Participants highlighted the necessity of overcoming

digital trade barriers while ensuring consumer protection and adaptive regulations.

The TradeTech Initiative, launched with the World Economic Forum, focuses on

implementing technologies like AI, blockchain, and data analytics to automate customs,

https://www.devdiscourse.com/article/international/3140139-uae-leads-the-charge-in-global-trade-innovation-with-groundbreaking-tradetech-initiative 2/3