Page 169 - MOE ENGLISH PR REPORT - FEBRUARY 2024

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
deepening our collaboration across borders, sectors and disciplines, we can help shape

the major paradigm shifts that will transform the future of trade.

“The UAE, underpinned by its highly strategic location, world-class infrastructure and
strong international relationships, is uniquely positioned to work constructively with

other members of the international community to address the various challenges that

confront us and realise the many opportunities within our grasp. I remain optimistic

that by working together, we can create a more prosperous and sustainable future

where trade can flourish anew, and nobody is left behind."

This report is a crucial discussion document on the forces anticipated to impact the

trading system over the next 25 years. It emphasises the evolving relationship between

trade, geopolitics, and global commerce, significantly influenced by megatrends such
as rapid technological advancements.

The report highlights the rising prominence of emerging economies, the

transformational role of technology, the rapid growth of service trade, and the
importance of sustainability in global trade. This report aims to prompt relevant

stakeholders to take the needed and timely collective actions to anticipate potential

risks, be prepared for future challenges and capitalise on available opportunities.

The report discusses not only how the methods of conducting trade will transform but

also how the commodities being traded will evolve. It highlights the necessity for

adapting to emerging technologies, integrating growing economies into global trade,

committing to sustainability, supporting SMEs, and acknowledging the significant

contribution of the services sector to the global economy. The report advocates for

collaboration, innovation, and the development of inclusive regulatory frameworks to
ensure a resilient and sustainable future for global trade.

Commenting on the future of trade, Tim Haas, Group Chief Operating Officer at
Gulftainer, a leading operator of ports and terminals and a provider of customised

supply chain and logistics solutions, said:

"As part of the global supply chain, it is essential for us to be forward-looking and
anticipate the forthcoming changes that will impact the future of the industry in the

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