Page 202 - 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 …
“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.

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 that are within our

grasp. I remain optimistic that by working together, we can create a

more prosperous and sustainable future – in which trade is able to

flourish anew, and nobody is left behind.”

This report serves as a crucial discussion document on the forces

anticipated to impact the trading system over the next 25 years. It

emphasizes the evolving relationship between trade, geopolitics,

and global commerce, which is significantly influenced by

overarching 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. The

purpose of this report is to prompt relevant stakeholders to take the

needed and timely collective actions to anticipate potential risks, be

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