Page 160 - MOE ENGLISH PR REPORT - OCTOBER 2024

11/1/24, 11:49 AM UAE leads Global Trade Regulators Roundtable as part of TradeTech Initiative
With its forward-looking TradeTech policies, the UAE is aiming to establish a global

standard by fostering regulatory collaboration and sharing best practices that will
enhance trade resilience worldwide.

This initiative builds on the UAE's recent efforts, including the release of its "Global

Risks to Trade" report and the launch of the TradeTech Accelerator, which aims to

support innovative start-ups working on developing cutting-edge technologies that
will modernise trade practices and increase efficiency across supply chains.

The TradeTech Initiative reflects the UAE's leadership in developing a future-ready

trade ecosystem that aligns with its goal of developing a sustainable and knowledge-

based economy. Through TradeTech the UAE and its partners aim to
harness advanced technology to create a dynamic, secure, and globally integrated

system that benefits all nations.

According to projections, TradeTech promises substantial economic impacts with

estimates suggesting a potential USD 9 trillion boost for global economies.
(ANI/WAM)

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