Page 338 - MOE ENGLISH PR REPORT - FEBRUARY 2024

3/4/24, 4:55 PM Inaugural TradeTech Forum highlights technology’s potential to revolutionise global trade | Emirates News Agency
Centre (ITC); ‘The Future of Trade: How Trusted AI will

Drive Trade Transformation’ by IBM; ‘From Documents

to Data: Mapping the Pathway, Clearing the Hurdles’ by

the International Chamber of Commerce (ICC); and ‘Use

of new technologies and innovative solutions to improve

Customs, enhance security, and facilitate trade’ by the

World Customs Organization (WCO).

Dr Thani Al Zeyoudi, Minister of State for Foreign Trade

and MC13 Chair, who is leading calls for the

modernization of trade to make it more efficient,

sustainable and inclusive, firmly believes in the

significant potential advanced technology has in

transforming trade around the world.

During a keynote address, HE Al Zeyoudi said: “At our

disposal today, is an ever-increasing number of tools

and applications that can enhance every link in global

supply chains. We can already see the potential of

artificial intelligence enhancing shipping routes and

stock movements, predictive analysis for crisis

management and receivables forecasting, and

blockchain in customs procedures, payment solutions

and trade finance transactions. We already know the

https://wam.ae/en/article/b1viws5-inaugural-tradetech-forum-highlights-technology’s 3/6