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10/31/24, 11:15 AM ECI Explores Strategies To Boost Global Trade And Accelerate Progress Of Supply Chains - Middle East Events.
ECI Explores Strategies To Boost Global Trade And Accelerate Progress Of Supply

Chains

Wednesday, October 9, 2024

Etihad Credit Insurance (ECI), the UAE’s federal export credit company, took part in the 4th annual

Global Trade and Supply Chain Summit 2024 as a silver sponsor. The event, organised by the
Economist Impact under the patronage of the Executive Office of H.H. Sheikh Mohammed bin Rashid
Al Maktoum, Vice-President, Prime Minister and Ruler of Dubai, was held on October 8 and 9, 2024
at the JW Marriott Marina Hotel, Dubai, UAE.

The summit attracted a wide range of thought leaders, policymakers, decision-makers, experts and
innovators from across the globe. The key objectives of the event were to explore the prospects of
global trade, methods to enhance adaptability in response to economic shifts and strategies to address
current global challenges, sustainability concerns and the rising costs of goods. Furthermore, the

summit served as a vital forum to delve into the intricacies of the current trade landscape, evaluating
the effectiveness and flexibility of supply chains and their potential to confront future challenges.

During the panel discussion titled ‘Keep calm and carry on: how can trade bounce back in the face of
uncertainty,’ H.E. Raja Al Mazrouei, CEO of ECI, highlighted the abundance of high-quality food
products in the United Kingdom and pointed out the benefits of establishing strategic trade
agreements with the UK to reduce customs tariffs and encourage British producers to export their
products. Moreover, the agreement provides consumers in the GCC with diverse options at affordable
price ranges. During the session, H.E. Al Mazrouei also underscored the vital role played by export

credit agencies in adapting to global challenges such as market volatility and increasing focus on
sustainability.

In addition, H.E. Al Mazrouei emphasised ECI’s keenness to strengthen cooperation with its
counterparts in the UK. She also highlighted the significance of reinforcing partnerships between
export communities in the UAE and other countries across the region and the UK, for driving the
growth of export and re-export activities and accelerating supply chains and foreign trade. She also
shed light on the substantial role of leveraging the UK’s expertise in the area of credit and export
empowerment.

The summit also included various keynote speeches, panel discussions, interactive workshops and
networking sessions. The wide range of programs offered a dynamic platform to discuss significant
topics such as new globalisation, technology-powered trade, innovation, the role of artificial
intelligence (AI) in digital commerce and services, the significance of commercial risk and
adaptability and the establishment of sustainable supply chains. During the event, participants also
explored recent developments and technologies in the field of global trade and supply chain.

The two-day event witnessed the participation of over 500 experts and specialists from different
countries and attracted top-level executives in supply chain management, procurement,
manufacturing, finance, as well as government officials, ministers, policymakers and advisors. The
summit received significant attention from visitors and active participation from commercial
enterprises.

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