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3/5/24, 10:18 AM Report on Future of Trade 2050 launched at WTO’s MC13

INDUSTRIAL NEWS

Only by understanding what trade might look

like in 25 years’ time, can “we develop a
system that is fairer and fully future-proofed”,

said Dr Thani bin Ahmed Al Zeyoudi, UAE
Minister of State for Foreign Trade.

“As new technologies emerge and economies
seek to become more sustainable and

environmentally responsible, the global
trading system must constantly evolve to meet
Report on Future of Trade 2050 launched at WTO’s
MC13 new forms of exchange. It is important that we
in the global trading community always
Feb 28, 2024 11:03 AM
anticipate the forces impacting supply chains,”

Only by understanding what trade might look like in 25 the Minister said launching a report titled ‘Trade
years time can we develop a system that is fairer and 2050: A Private Sector Perspective’ during The
fully future-proofed said Dr Thani bin Ahmed Al World Trade Organization’s 13th Ministerial
Zeyoudi UAE Minister of State for Foreign Trade....
Conference.

Al Zeyoudi, said: “The history of the UAE has been shaped by trade and we are keen to help shape its
future. 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.”

Importance of collaboration
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 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,
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.

He said: “In today’s dynamic 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

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