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Thani Al Zeyoudi underscores AI transformative

power during TradeTech knowledge-sharing session

Thani Al Zeyoudi underscores AI transformative power during TradeTech knowledge-sharing
session
3 Oct 2024 16:43

ABU DHABI (WAM)

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has highlighted the importance
of governments, businesses, and international organisations working together to invest in digital
infrastructure, support innovation, and integrate tools such as Artificial Intelligence (AI) to develop a
modern, resilient, and future-proof global trading system.

Dr. Al Zeyoudi made these remarks during a knowledge-sharing session as part of the TradeTech
Initiative, the three-year global project led by the World Economic Forum (WEF), the UAE Ministry of
Economy, and the Abu Dhabi Department of Economic Development (ADDED).

AI is the core theme of the TradeTech Initiative’s second year, reflecting its emerging influence on
the logistics sector. Titled "AI and Global Trade: Future of TradeTech", the session gathered industry
experts, technology practitioners, and thought leaders to offer insights on where AI’s
transformational potential can best be harnessed—and where its impact on supply-chain
efficiencies is already being felt. For instance, AI tools are enabling companies to source and
evaluate new suppliers based on size, location, and relevant certification, and even automate
negotiations using chatbots to provide and agree on transportation quotes.

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