Page 178 - MOE ENGLISH PR REPORT - FEBRUARY 2024

3/5/24, 10:16 AM Ministry of Economy and Crescent Enterprises launch report on the future of trade 2050 at WTO’s MC13 in Abu Dhabi
Abu Dhabi, UAE – 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 Organization’s 13th Ministerial Conference from

February 26th to 29th, 2024 at the Abu Dhabi National Exhibition Centre (ADNEC), in Abu
Dhabi, UAE.

The report was announced by His Excellency Dr Thani bin Ahmed Al Zeyoudi, Minister of

State for Foreign Trade at the annual session of the Parliamentary Conference on the
World Trade Organization.

His Excellency Dr Thani 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-headquarterd

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

WTO’s MC13’s Ceremonial Gala dinner which took place on Monday, 26th February.
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 dymanic environment, the need to react to ever-changing realities can be all-

consuming. It is during such times of transition that as policy makers, companies and
individuals, we have a duty and an opportunity to look beyond our own immediate

interests. By deepening our collaboration across borders, sectors and disciplines we are

able to help shape the major paradigm shifts that will transform the future of trade.

https://www.zawya.com/en/press-release/research-and-studies/ministry-of-economy-and-crescent-enterprises-launch-report-on-the-future-of-trade-20… 2/5