Page 201 - MOE ENGLISH PR REPORT - FEBRUARY 2024

3/5/24, 10:18 AM PRESSR: Ministry of Economy and Crescent Enterprises launch report on the future of trade 2050 at WTO’s MC13 in Abu Dhabi …
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:

https://in.tradingview.com/news/reuters.com,2024-02-28:newsml_Zaw6PqMT5:0-pressr-ministry-of-economy-and-crescent-enterprises-launch-report-… 2/7