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11/1/24, 11:49 AM UAE leads Global Trade Regulators Roundtable as part of TradeTech Initiative - www.lokmattimes.com
Launched in partnership with the WEF, the TradeTech Initiative aims to transform

international trade through advanced technologies such as artificial intelligence, block

chain, and data analytics. Key objectives include automating customs procedures,
enhancing supply chain transparency, and supporting real-time trade finance solutions.

Tim Stekkinger, Head of the TradeTech Initiative at the World Economic Forum,

emphasised the importance of adaptable regulations in supporting technological

advancements stating, "The best regulation is like good technology - it solves real
problems, adapts to new challenges, and becomes invisible in its efficiency."

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.

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