Page 326 - MOE ENGLISH PR REPORT - FEBRUARY 2024

UAE launches new Trade-Sustain-AI initiative

to rewrite future of trade

Story by Hatem Mohamed

• 5d

ABU DHABI, 27th February, 2024 (WAM) -- The UAE has launched a new initiative

designed to combine the transformative power of technology with the sustainability and

inclusivity of global trade during the TradeTech Forum, which is taking place in parallel to
the 13th Ministerial Conference (MC13) of the World Trade Organisation (WTO) in Abu

Dhabi, United Arab Emirates.

The ‘Trade-Sustain-AI’ initiative seeks to leverage the rapidly advancing power of artificial
intelligence in supply chains to boost the contribution of global trade to the battle against

climate change. It has identified a number of ways it can make an immediate impact,
including optimising shipping routes to reduce fuel consumption and carbon emissions;

improving logistics operations such as inventory management and freight movements;
developing climate-resilient trade infrastructure and forecasting extreme weather events;
and improving traceability and transparency in global supply chains, ensuring visibility into

the sustainability of traded goods.

The ‘Trade-Sustain-AI’ initiative will work with international organizations, governments
and industry leaders to (among other things): produce comprehensive reports to explore

the convergence of AI, global trade and sustainability; arrange annual symposiums
bringing together prominent AI, sustainability and trade experts to exchange ideas,
knowledge and experiences; develop a global research network on trade, climate and AI

issues; and develop an international alliance between ministers from key global trading
hubs that will work with leading CEOs to propose future-proof regulation for the use of AI

in trade.

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