Page 165 - MOE ENGLISH PR REPORT - OCTOBER 2024

11/1/24, 11:49 AM UAE leads Global Trade Regulators Roundtable as part of TradeTech Initiative | Welcome to Mantra

UAE leads Global Trade Regulators

Roundtable as part of TradeTech Initiative

by ANI October 29, 2024 World

Abu Dhabi [UAE], October 29 (ANI/WAM): Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, led the
inaugural Virtual Global Trade Regulators Roundtable as part of the joint UAE-World Economic Forum (WEF) TradeTech
Initiative.
The event, organised by the UAE Ministry of Economy, convened trade regulators from major global economies to explore and
discuss regulatory frameworks required to oversee the accelerating adoption of advanced technologies in global trade.
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, block chain, and data analytics. Key objectives include automating customs
procedures, enhancing supply chain transparency, and supporting real-time trade finance solutions.
https://mantras.tv/2024/10/29/uae-leads-global-trade-regulators-roundtable-as-part-of-tradetech-initiative/ 1/2