Page 621 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/18/24, 10:48 AM Fourth Global Trade and Supply Chain Summit begins in Dubai
Scheduled to conclude tomorrow, the summit features 60 sessions with more than

100 local and international speakers discussing topics such as enhancing supply

chain efficiency, integrating digital innovation to improve sustainability, and

adopting advanced technologies to bolster supply chain resilience. Additionally,

discussions will focus on long-term sustainability in global trade amidst fast-

changing global dynamics.

The summit began with a keynote speech by Dr. Thani bin Ahmed Al Zeyoudi,

Minister of State for Foreign Trade, highlighting the UAE's leadership in supporting

a multilateral trading system. Dr. Al Zeyoudi spoke about the positive impact of the

UAE's Comprehensive Economic Partnership Agreements on non-oil exports and

the overall economy. He underscored the summit's emphasis on strengthening

connections among global trade players, embracing new alliances, and adapting to

energy and sustainability demands.

Day 1 sessions covered diverse topics, including the transformative role of

generative AI in procurement, streamlining supply chain finance, building resilience

to weather volatility, future supply chain management, the impact of digital trade

regulation, and data localisation in digital trade. The role of free trade agreements in

fostering growth in developing countries was also discussed.

The second day will address themes such as financing sustainable trade, leveraging

AI and robotics to enhance delivery networks, upskilling supply chain professionals

in the AI era, digital trade strategies in Africa, and India's economic growth's impact

on global trade. Other sessions will explore innovative local solutions for global

impact and how technology-driven innovation can revitalise trade.

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