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11/7/24, 2:39 PM ECI explores strategies to boost global trade and accelerate progress of supply chains | Web Release

BUSINESS AND ECONO…
ECI Explores Strategies To Boost Global Trade And Accelerate Progress Of Supply Chains

By Editor_wr On Oct 9, 2024

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Etihad Credit Insurance (ECI), the UAE’s federal export credit company, took part in the 4 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 O ce 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 exibility 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 bene ts 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 signi cance
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 signi cant topics such as new globalisation, technology-powered trade, innovation, the role of arti cial
intelligence (AI) in digital commerce and services, the signi cance of commercial risk and adaptability and the establishment of sustainable supply
chains. During the event, participants also explored recent developments and technologies in the eld 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, nance, as well as government o cials, ministers, policymakers and advisors. The summit received
signi cant attention from visitors and active participation from commercial enterprises.

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