Page 214 - 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 | Air Freig…
Ministry of Economy and Crescent

Enterprises launch report on the

Future of Trade 2050 at WTO’s

MC13 in Abu Dhabi

Feb 28, 2024

The UAE Ministry of Economy, in collaboration with Crescent Enterprises and Gulftainer,
launched a report titled ‘Trade 2050: A Private Sector Perspective’ during The World
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Trade Organization’s 13 Ministerial Conference from February 26 to 29 , 2024 at the
Abu Dhabi National Exhibition Centre (ADNEC), in Abu Dhabi, UAE.
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
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the WTO’s MC13’s Ceremonial Gala dinner which took place on Monday, 26 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, adding: “In today’s dymanic environment, the need
to react to ever-changing realities can be all-consuming. It is during such times of

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