Page 208 - MOE ENGLISH PR REPORT - FEBRUARY 2024

3/5/24, 10:18 AM Ministry of Economy, Crescent Enterprises launch report on Future of Trade 2050 at WTO's MC13 in Abu Dhabi
(WTO) 13th Ministerial Conference (MC13) at the Abu Dhabi National Exhibition

Centre.

The report was announced by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State

for Foreign Trade, at the annual session of the Parliamentary Conference on the

WTO.

Dr. Al Zeyoudi, said, "The UAE's history 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 can we develop a fairer and

fully future-proofed system."

Badr Jafar, CEO of Crescent Enterprises, a UAE-headquartered multinational
diversified business, revealed some of the report's main findings at the WTO's

MC13's Ceremonial Gala dinner on 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, 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 added, "In today's dynamic environment, the need to react to ever-changing

realities can be all-consuming. During such times of transition, we have a duty and

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