Page 329 - MOE ENGLISH PR REPORT - FEBRUARY 2024

3/4/24, 4:50 PM UAE launches new Trade-Sustain-AI initiative to rewrite future of trade
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.

Based in the UAE, the program has already confirmed several major partners,

including ADIA Lab, Core42, Mohamed bin Zayed University of Artificial

Intelligence (MBZUAI) and Maqta Gateway - AD Ports Group's digital arm.

Additional partners are set to be included into the initiative over time.

Dr Thani Al Zeyoudi, Minister of State for Foreign Trade and MC13 Chair, said the

announcements underline the UAE's commitment to not only championing the

development of TradeTech tools but the overarching regulatory frameworks that

will enable their global deployment.

"By embracing technology such as AI, we have the opportunity to redefine the

future of trade, making it more efficient, more transparent and more sustainable.

These initiatives are crucial in enabling us to fully leverage the power of AI in

global supply chains, with technological development working in parallel to

regulatory oversight to ensure broad adoption and interoperability. It's essential that

the benefits of advanced technology are shared equally - and that means ensuring

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