Page 339 - 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
end result of these innovations: TradeTech is going to

completely transform global trade, and the UAE is

determined to be a global leader in its development and

deployment. Through collaborative efforts and shared

expertise, we can use technology in trade to build a

more equitable and sustainable trading system that

empowers individuals and communities worldwide.”

During his remarks, HE Al Zeyoudi officially released the

UAE-backed whitepaper ‘Regulation 5.0 for Future Trade

Tech’. The paper aims to pioneer a new era of trade

regulation by exploring the key trends in trade

technology and their impact on global trade, and

providing a blueprint for a harmonized global regulatory

system that will oversee the trading systems of the

future. Namely, a proposed alliance to focus on

fostering international collaboration on TradeTech

regulation to ensure its unified application by trading

nations, especially developing countries and least-

developed countries (LDCs).

The paper argues that rapid evolution and adoption of

technology across global supply chains makes

regulating trade technology a crucial element in their

https://wam.ae/en/article/b1viws5-inaugural-tradetech-forum-highlights-technology’s 4/6