Page 212 - MOE ENGLISH PR REPORT - FEBRUARY 2024

3/5/24, 10:18 AM Ministry of Economy and Crescent Enterprises launch report on the Future of Trade 2050 at WTO’s MC13 in Abu Dhabi | AJOT.COM
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.

Badr Jafar, Chief Executive Officer of Crescent Enterprises

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

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