Page 203 - 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 …
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 coming decades. By

proactively adapting to the potential challenges and foreseeing

opportunities in the global trade, we will be able to better prepare

our organisations and serve our customers. The future of trade 2050

paper is a reflection of the required collaboration amongst public

and private sectors to ensure a better trading environment for all."

This report serves as a testament to the UAE's efforts and position as

a major gateway for global trade and investment and its proactive

https://in.tradingview.com/news/reuters.com,2024-02-28:newsml_Zaw6PqMT5:0-pressr-ministry-of-economy-and-crescent-enterprises-launch-report-… 4/7