Page 156 - MOE ENGLISH PR REPORT - OCTOBER 2024

11/1/24, 11:49 AM UAE leads Global Trade Regulators Roundtable as part of TradeTech Initiative
The roundtable offered an interactive platform for trade officials and regulatory

leaders to engage in critical discussions on the evolving role and potential of

technology, focusing on areas such as regulatory innovations for cross-border

digital trade, public-private partnerships to address cybersecurity challenges, and

leveraging regulatory sandboxes to pilot emerging trade technologies. Participants

discussed overcoming barriers to digital trade, balancing innovation with consumer

protection, and ensuring that regulations remain robust and adaptable.

In his remarks to the roundtable, Al Zeyoudi highlighted the UAE's commitment to

advancing trade through technology and innovation, stating, "The TradeTech Global

Initiative is a key pillar of the UAE's vision for a streamlined, technology-enabled

global trade ecosystem. By fostering collaboration among regulators, we are setting

the stage for a new era in global trade - one that is efficient, resilient, and inclusive.

Our partnership with the World Economic Forum underscores our commitment to

driving forward these changes and establishing frameworks that support adopting

advanced technologies while safeguarding global trade systems."

Launched in partnership with the WEF, the TradeTech Initiative aims to transform

international trade through advanced technologies such as artificial intelligence,
blockchain, and data analytics. Key objectives include automating customs

procedures, enhancing supply chain transparency, and supporting real-time trade
finance solutions.

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