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3/6/24, 9:41 AM UAE's Ministry of Economy and Crescent Enterprises launch trade report at WTO’s MC13 in Abu Dhabi | Corporate-news – Gulf News
Abu Dhabi: The UAE Ministry of Economy, in collaboration with Crescent Enterprises

and Gulftainer, launched a report titled 'Trade 2050: A Private Sector Perspective'

during The World Trade Organisation's 13th Ministerial Conference from February 26
to 29, at the Abu Dhabi National Exhibition Centre (ADNEC).

The report was announced by Dr Thani bin Ahmed Al Zeyoudi, Minister of State for

Foreign Trade, at the annual session of the Parliamentary Conference on the World
Trade Organisation.

Al Zeyoudi said: "The history of the UAE has been shaped by trade, and we are keen to

help shape its future. As new technologies emerge and economies seek to become
more sustainable and environmentally responsible, the global trading system must

constantly evolve to meet new forms of exchange. It is important that we in the global

trading community always anticipate the forces impacting supply chains.

“This new report, which gathers the thoughts of key private-sector players from

around the world, seeks to identify some of those forces – and the agility, adaptability

and foresight we must demonstrate to keep pace with them. Only by understanding

what trade might look like in 25 years' time, can we develop a system that is fairer and

fully future-proofed".

Badr Jafar, Chief Executive Officer of Crescent Enterprises, a UAE-headquartered

multinational diversified business, revealed some of the report's main findings at the

WTO's MC13's Ceremonial Gala dinner on Monday, February 26.

Addressing trade ministers and senior officials from around the world, along with

representatives of several local and federal entities and the private sector, Mr Jafar

outlined the importance of joint efforts between the public, private and civil sectors in

tackling the rapid technological, socioeconomic, political and environmental changes
that will take place over the coming years, adding:

"In today's dynamic environment, the need to react to ever-changing realities can be

all-consuming. During such times of transition, we have a duty and an opportunity to
look beyond our immediate interests as policymakers, companies and individuals. By

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